California Probate Code

§ 7642

PROB § 7642Div. 7 · Part 1 · Ch. 4 · Art. 3

Statute text

(a)The public administrator shall credit each estate with the highest rate of interest or dividends that the estate would have received if the funds available for deposit had been individually and separately deposited.

(b)Interest or dividends credited to the account of the public administrator in excess of the amount credited to the estates pursuant to subdivision (a) shall be deposited in the county general fund.

Legislative history

Enacted by Stats. 1990, Ch. 79.