California · Probate Code

PROB §7640: (a) The public administrator shall, upon receipt, deposit all money of the estate in an insured account in a financial institution or with the county treasurer of the county in which the proceedings a

What this law says, in plain English

The public administrator must deposit estate money into an insured account at a financial institution or with the county treasurer upon receipt.

Read the full statutory text

(a) The public administrator shall, upon receipt, deposit all money of the estate in an insured account in a financial institution or with the county treasurer of the county in which the proceedings are pending. (b) Upon deposit under this section the public administrator is discharged from further responsibility for the money deposited until the public administrator withdraws the money.

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