Article 1. Deposit Account of California Unemployment Insurance Code >> Division 1. >> Part 1. >> Chapter 6. >> Article 1.
The director may in accordance with law deposit for the
purpose of clearance by the director all money collected under this
division, in a state or national bank in this state. After clearance
the money so deposited shall be deposited in the State Treasury to
the credit of the proper fund as prescribed in this division.