California · Financial Code

FIN §686: All approved claims of customers and other creditors shall bear interest at the rate provided by law on judgments from the date that the commissioner takes possession of the property and business of t

What this law says, in plain English

Approved claims of customers and creditors earn interest at the statutory judgment rate from when the commissioner takes possession of property and business.

Read the full statutory text

All approved claims of customers and other creditors shall bear interest at the rate provided by law on judgments from the date that the commissioner takes possession of the property and business of the licensee.

Verify at the official source: California legislative text

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