California Legal Codes and Statutes

§ 57602

Added by Stats. 2019, Ch. 442, Sec. 16. (AB 857) Effective January 1, 2020.
(a)A public bank shall obtain and maintain deposit insurance provided by the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act (12 U.S.C. Sec. 1811 et seq.).
(b)In seeking and retaining insurance, a public bank may do all things and assume and discharge all obligations required of it that are not in conflict with state law.

Cite this section

Cal. Gov. Code § 57602 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-5-public-banks/section-57602

Other sections in Division 5 - Public Banks

§ 57600§ 57601§ 57602§ 57603§ 57604§ 57605§ 57606§ 57607

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.