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2023 California Code
Financial Code - FIN
DIVISION 6 - ESCROW AGENTS
CHAPTER 2.5 - Escrow Agents Fidelity Corporation
ARTICLE 3 - Membership Fee and Assessments
Section 17321.1.
Universal Citation:
CA Fin Code § 17321.1 (2023)
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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.)
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