Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 17321.1 — California Law | CourtGPT
  1. Home/
  2. Laws/
  3. California/
  4. Fin Code/
  5. Division 6 - Escrow Agents/
  6. Chapter 2.5 - Escrow Agents’ Fidelity Corporation/
  7. Article 3 - Membership Fee and Assessments/
  8. § 17321.1
California Legal Code

§ 17321.1

Ask AI about this
17321.1. Fidelity Corporation shall levy a special assessment against its members whenever:(a) Deemed necessary by the board of directors in the event of any extraordinary expenses which would seriously deplete the resources of the operations fund; or(b) A proof of loss has been submitted by a member which, if paid during that fiscal year, would reduce the membership fund by 10 percent or more.(Added by Stats. 1988, Ch. 1458, Sec. 15. Effective September 28, 1988.)