Cal. Gov. Code § 66499.6

Current through the 2023 Legislative Session.

Section 66499.6 - Trust fund to guarantee performance

Such money, negotiable bond or instrument of credit shall be a trust fund to guarantee performance and shall not be subject to enforcement of a money judgment by any creditors of the depositor until the obligation secured thereby is performed to the satisfaction of the local agency.

Ca. Gov. Code § 66499.6

Amended by Stats. 1982, Ch. 497, Sec. 120. Operative July 1, 1983, by Sec. 185 of Ch. 497.