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DIVISION 6. ESCROW AGENTS 17000-17703›CHAPTER 2.5. Escrow Agents’ Fidelity Corporation 17300-17350›ARTICLE 3. Membership Fee and Assessments 17320-17324

§ 17324

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

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.

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

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California Financial Code

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