California Public Resources Code
§ 71562
PRC § 71562 Effective Jan 1, 2011Div. 37 · Ch. 6
Statute text
View on leginfo.ca.govFunds 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.
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Legislative history
Added by Stats. 2010, Ch. 687, Sec. 2. (AB 2503) Effective January 1, 2011.