Government Code § 16504
‹ § 16503§ 16505 ›Open in browserleginfo ↗16504.
Subject to the applicable contract, the Treasurer may call in money from time deposits and place it in demand deposits, when necessary to meet current requirements; and time money in his possession for which there is no demand may be placed as demand deposits.
(Amended by Stats. 1961, Ch. 69.)