California Financial Code

§ 17324

FIN § 17324 Effective Sep 28, 1988Div. 6 · Ch. 2.5 · Art. 3

Statute text

Any reduction in the membership fund caused by payment of an extraordinary expense pursuant to subdivision (a) of Section 17320 or payment of claims pursuant to subdivision (c) of Section 17320 shall be replenished by the operations fund or the fidelity fund, as appropriate. The next assessment for the operations fund or the fidelity fund, as appropriate, shall include an amount necessary for that replenishment.

Legislative history

Added by Stats. 1988, Ch. 1458, Sec. 20. Effective September 28, 1988.