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2025 California Code
Public Resources Code - PRC
DIVISION 37 - CALIFORNIA ENDOWMENT FOR MARINE PRESERVATION
CHAPTER 6 - Financial Transactions and Audits
Section 71562.
Universal Citation:
CA Pub Res Code § 71562 (2025)
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71562. Funds held by the endowment shall revert to the state or to another public agency or nonprofit organization approved by the state if the endowment does any of the following:
(a) Ceases operations.
(b) Is dissolved.
(c) Becomes bankrupt or insolvent.
(d) Fails to perform its fiduciary duties.
(Added by Stats. 2010, Ch. 687, Sec. 2. (AB 2503) Effective January 1, 2011.)
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