California · Health and Safety Code - HSC
HSC §8785: Any person, partnership, or corporation administering, managing, or having responsibility for endowment care or special care funds who violates the provisions of this chapter relating to the collectio
What this law says, in plain English
A person or entity managing endowment or special care funds who violates collection, investment, or use rules faces jail time up to six months, fines up to $500, or imprisonment of 16 months to three years, plus possible disciplinary action if licensed.
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