California Public Resources Code

§ 8621

PRC § 8621Div. 7 · Ch. 3

Statute text

The purchase price shall not exceed the fair market value of the outstanding interests to be acquired. Prior to any such acquisition the trustee shall review the evidence and applicable law and shall determine whether the state may have any right, title, or interest therein and deduct from the economic value of the acquisition the value of any such state interest.

Legislative history

Added by Stats. 1982, Ch. 1471, Sec. 1.