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California Financial Code

§ 1754

FIN § 1754 Effective Jan 1, 2012Div. 1.1 · Ch. 20 · Art. 1
(a)For purposes of this chapter:
(1)Changing a lower class office into a higher class office shall be treated as establishing the higher class office, but not as closing the lower class office.
(2)Changing a higher class office into a lower class office shall be treated as closing the higher class office, but not as establishing the lower class office.

Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

Source: California Financial Code § 1754 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.