California Statutes
§ 8621. — 8621. (Added by Stats. 1982, Ch. 1471, Sec. 1.)
California·Code PRC Public Resources Code - PRC·Div. 7. DIVISION 7. KAPILOFF LAND BANK ACT·Ch. 3. CHAPTER 3. Administration
The purchase price shall not exceed the fair market value of the outstanding interests to be acquired. Prior to any such acquisition the trustee shall review the evidence and applicable law and shall determine whether the state may have any right, title, or interest therein and deduct from the economic value of the acquisition the value of any such state interest.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 8621. (8621. (Added by Stats. 1982, Ch. 1471, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1982, Ch. 1471, Sec. 1.