California Code of Regulations
Title 2 - Administration
Division 4.5 - Local Agency Deposit Security
Chapter 2 - Administrator of Local Agency Security
Subchapter 2 - Agent of Depository
Article 3 - Declaration of Ineligibility and Transfer Order
Section 16002.3.3 - Declaration of Ineligibility and Transfer Order-Service
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) The original or duplicate original of a declaration of ineligibility and transfer order shall be served on the agent of depository therein declared ineligible.
(b) A copy of a declaration of ineligibility and transfer order shall be served upon each depository for which, according to the latest reports filed with the Administrator, the agent of depository therein declared ineligible holds a security securing a secured local agency deposit, and upon the treasurer of each local agency a deposit of which, according to the latest reports filed with the Administrator, is secured by a security held by the agent of depository therein declared ineligible; provided, however, that any failure to effect service as provided in this Subdivision (b) shall not invalidate any action taken pursuant to this article.
