Upon acceptance of a conveyance pursuant to Section 8627 the trustee shall thereafter convey to the state a parcel or other interest therein, whose economic value determined pursuant to Section 8621 is equal to the payment made.
Cal. Pub. Res. Code § 8626
Administration
Known as the Kapiloff Land Bank Act
The act spans §§ 8600 to 8633 (27 sections).
Added by Stats. 1982, Ch. 1471, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.