Cal. Financial Code § 17324

California · California Financial Code · Status: effective · Effective 1988-09-28

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Citation: Cal. Financial Code § 17324, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/814852
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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.