California Statutes

§ 2284. — 2284. (Added by Stats. 2012, Ch. 564, Sec. 4.)

California·Code CORP Corporations Code - CORP·Div. 1.·Title 1. DIVISION 1. GENERAL CORPORATION LAW·Ch. 22.5. CHAPTER 22.5. Victims of Corporate Fraud Compensation Fund
(a)The Secretary of State shall render a final written decision on the application within 90 calendar days after a completed application has been received unless the claimant agrees in writing to extend the time within which the Secretary of State may render a decision.
(b)The Secretary of State may deny or grant the application or may enter into a compromise with the claimant to pay less in settlement than the full amount of the claim. If the claimant refuses to accept a settlement of the claim offered by the Secretary of State, the written decision of the Secretary of State shall be to deny the claim. Evidence of settlement offers and discussions between the Secretary of State and the claimant shall not be competent evidence in judicial proceedings undertaken by the claimant purs

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California § 2284. (2284. (Added by Stats. 2012, Ch. 564, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 2012, Ch. 564, Sec. 4. (SB 1058) Effective January 1, 2013.
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