California · Corporations Code

CORP §14019: Reasonable costs incurred by a corporation in the creation and maintenance of a central staff shall be paid to the corporation from state funds, including a portion of the interest earned on the expan

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What this law says, in plain English

A corporation may receive state funding to cover reasonable costs for creating and maintaining central staff, including a portion of earned interest.

Read the full statutory text

Reasonable costs incurred by a corporation in the creation and maintenance of a central staff shall be paid to the corporation from state funds, including a portion of the interest earned on the expansion fund and the corporation’s trust fund account, if the corporation has a trust fund account, otherwise, on the expansion fund.

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