Ca_Law

statute | California

Financial Code - FIN - FIN § 17321.1

  • UIDca_leginfo_codes:fin-17321-1
  • CitationFinancial Code - FIN - FIN § 17321.1
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

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 submitt

Text

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.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 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 durin…