Cal. Government Code § 53655
Cal. Government Code § 53655
California · California Government Code · Status: effective
Cite this
- Citation
- Cal. Government Code § 53655, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/848612
- Permanent ID
ys:prov:848612@1- SHA-256
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Full text
A placement of securities by a depository with an agent of depository pursuant to this article shall have the effect of perfecting a security interest in those securities in the local agencies having deposits in that depository notwithstanding provisions of the Uniform Commercial Code to the contrary and notwithstanding that the agent of depository may be the trust department of the depository.