DecisionDepot
California legal research

California Probate Code

§ 7642

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

Statute text

View on leginfo.ca.gov
(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.

Source: California Probate Code § 7642 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.