California Financial Code

§ 1754

FIN § 1754 Effective Jan 1, 2012Div. 1.1 · Ch. 20 · Art. 1

Statute text

(a)For purposes of this chapter:

(1)Changing a lower class office into a higher class office shall be treated as establishing the higher class office, but not as closing the lower class office.

(2)Changing a higher class office into a lower class office shall be treated as closing the higher class office, but not as establishing the lower class office.

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Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.