18499. Expenses of administration that exceed income from investments at year end shall be charged to members’ accounts. Each member’s account shall be charged ratably based on the account balance for the amount of the excess.(Added by Stats. 1976, Ch. 964.)
California Legal Code
§ 18499
Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=FIN&division=7.&title=&part=&chapter=7.&article=2.· Version 2026