Statute · California Probate Code
Cal. Prob. Code § 7642 — Deposit of Money of Estate
Cal. Prob. Code § 7642
- Type
- Statute
- Source
- California Probate Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) The public administrator shall credit each estate with the highest rate of interest or dividends that the estate would have received if the funds available for deposit had been individually and separately deposited.
Citator
Cal. Prob. Code § 7642 — Deposit of Money of Estate is in force in the current edition of the Code, and nothing recorded condemns it.
(a) The public administrator shall credit each estate with the highest rate of interest or dividends that the estate would have received if the funds available for deposit had been individually and separately deposited.
(b) Interest or dividends credited to the account of the public administrator in excess of the amount credited to the estates pursuant to subdivision (a) shall be deposited in the county general fund.