California Education Code

§ 27300

EDC § 27300 Effective Jan 1, 1999Div. 1 · Title 1 · Part 14 · Ch. 14

Statute text

(a)The plan’s obligations under this part to a participant or beneficiary who has applied for a benefit cease upon distribution of the lump-sum benefit.

(b)Deposit in the United States mail of a warrant drawn as directed by the participant or beneficiary and addressed as directed by the participant or beneficiary constitutes distribution of the benefits under this part.

(c)Deposit in the United States mail of a notice that the requested electronic funds transfer has been made as directed by the participant or beneficiary constitutes distribution of the benefits under this part.

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Legislative history

Amended by Stats. 1998, Ch. 965, Sec. 304. Effective January 1, 1999.