Home/California/Statutes/Code PRC: Public Resources Code - PRC/Div. 37.: DIVISION 37. CALIFORNIA ENDOWMENT FOR MARINE PRESERVATION/Ch. 6.: CHAPTER 6. Financial Transactions and Audits/§ 71562.
California Statutes

§ 71562. — 71562. (Added by Stats. 2010, Ch. 687, Sec. 2.)

California § 71562.
JurisdictionCalifornia
Code PRCPublic Resources Code - PRC
Div. 37.DIVISION 37. CALIFORNIA ENDOWMENT FOR MARINE PRESERVATION
Ch. 6.CHAPTER 6. Financial Transactions and Audits

This text of California § 71562. (71562. (Added by Stats. 2010, Ch. 687, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Public Resources Code - PRC Code § 71562. (2026).

Text

Funds 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.
(c)Becomes bankrupt or insolvent.
(d)Fails to perform its fiduciary duties.

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Legislative History

Added by Stats. 2010, Ch. 687, Sec. 2. (AB 2503) Effective January 1, 2011.
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California § 71562., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PRC/71562..