California Food and Agricultural Code

§ 11932

FAC § 11932Div. 6 · Ch. 5 · Art. 2

Statute text

For the purposes of this article:

(a)A judgment is satisfied when twenty-five thousand dollars ($25,000) has been credited upon any judgment in excess of that amount which arises out of any one accident or occurrence.

(b)A deposit of bond or other obligation for the payment of which the full faith and credit of the United States or of this state is pledged is considered a deposit of money.

Legislative history

Enacted by Stats. 1967, Ch. 15.