§ 53644

Amended by Stats. 1983, Ch. 105, Sec. 7.

If an agreement is not made:

(a)Active deposits and interest thereon are subject to withdrawal upon the demand of the treasurer or other authorized official, subject to any penalties which may be prescribed by federal law or regulation.
(b)Inactive deposits are subject to notice of at least thirty days before withdrawal.

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.