Cal. FIN § 18499
This is the official text of Cal. FIN § 18499, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
Expenses of administration that exceed income from investments at year end shall be charged to members’ accounts. Each member’s account shall be charged ratably based on the account balance for the amount of the excess.
Status: in_force · Read it on the official government site
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