California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 4 - Office of the State Treasurer
Subchapter 2 - Security for State Deposits
Article 2 - Eligibility and Custody of Notes
Section 1898.5 - Endorsement of Notes
Universal Citation: 2 CA Code of Regs 1898.5
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Unless a power of attorney has been furnished pursuant to Section 1898.6, each promissory note pledged to secure state deposits shall be endorsed to the Treasurer. The endorsement shall be signed by two individuals authorized by resolution of the bank or association to execute such instruments. The form of the endorsement should be as follows:
PAY TO THE ORDER OF THE TREASURER, STATE OF CALIFORNIA, WITHOUT RECOURSE.
By____________________
By____________________
Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
