Section 16606 Of Article 1. General From California Government Code >> Division 4. >> Title 2. >> Part 2. >> Chapter 4.5. >> Article 1.

. A state officer is not liable on his or her official bond for losses caused by the failure of a savings and loan association or credit union in which a deposit is made of money belonging to an inmate of a state institution, if the officer was required or permitted by law to act as a trustee or fiduciary with respect to the money and if he or she made the deposit in good faith and in accordance with law.