California Statutes
§ 8621. — 8621. (Added by Stats. 1982, Ch. 1471, Sec. 1.)
California § 8621.
JurisdictionCalifornia
Code PRCPublic Resources Code - PRC
Div. 7.DIVISION 7. KAPILOFF LAND BANK ACT
Ch. 3.CHAPTER 3. Administration
This text of California § 8621. (8621. (Added by Stats. 1982, Ch. 1471, Sec. 1.)) 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 § 8621. (2026).
Text
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.
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Legislative History
Added by Stats. 1982, Ch. 1471, Sec. 1.
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California § 8621., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PRC/8621..