When the Secretary of State has paid from the fund any sum to the claimant, the Secretary of State shall be subrogated to all of the rights of the claimant and the claimant shall assign all of his or her right, title, and interest in the judgment to the Secretary of State and any amount and interest so recovered by the Secretary of State on the judgment shall be deposited in the fund.
Cal. Corp. Code § 2293
Victims of Corporate Fraud Compensation Fund
Known as the General Corporation Law
The act spans §§ 100–2319 (398 sections).
Added by Stats. 2012, Ch. 564, Sec. 4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.