California · Code of Civil Procedure - CCP

CCP §386.1: Where a deposit has been made pursuant to Section 386, the court shall, upon the application of any party to the action, order such deposit to be invested in an insured interest-bearing account.

What this law says, in plain English

When a deposit is made under Section 386, a court must order it invested in an insured interest-bearing account upon request by any party to the action.

Read the full statutory text

Where a deposit has been made pursuant to Section 386, the court shall, upon the application of any party to the action, order such deposit to be invested in an insured interest-bearing account. Interest on such amount shall be allocated to the parties in the same proportion as the original funds are allocated.

Verify at the official source: California legislative text

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