{"code":"FIN","codeName":"Financial Code","section":"17321.1","citation":"Fin. Code, § 17321.1","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 6. ESCROW AGENTS [17000. - 17703.]","url":"https://blackletter.si/financial-code/division-6"},{"name":"CHAPTER 2.5. Escrow Agents’ Fidelity Corporation [17300. - 17350.]","url":"https://blackletter.si/financial-code/division-6/chapter-2.5"},{"name":"ARTICLE 3. Membership Fee and Assessments [17320. - 17324.]","url":"https://blackletter.si/financial-code/division-6/chapter-2.5/article-3"}],"history":"Added by Stats. 1988, Ch. 1458, Sec. 15.   Effective September 28, 1988.","effective":"1988-09-28","html":"<p>Fidelity Corporation shall levy a special assessment against its members whenever:</p><p>(a) Deemed necessary by the board of directors in the event of any extraordinary expenses which would seriously deplete the resources of the operations fund; or</p><p>(b) A proof of loss has been submitted by a member which, if paid during that fiscal year, would reduce the membership fund by 10 percent or more.</p>","text":"Fidelity Corporation shall levy a special assessment against its members whenever: (a) Deemed necessary by the board of directors in the event of any extraordinary expenses which would seriously deplete the resources of the operations fund; or (b) A proof of loss has been submitted by a member which, if paid during that fiscal year, would reduce the membership fund by 10 percent or more.","otherVersions":[],"url":"https://blackletter.si/financial-code/membership-fee-and-assessments-17321-1","source":"California Legislative Information bulk export (pubinfo)"}