Statute · California Public Resources Code
Cal. Pub. Res. Code § 8621 — Administration
Cal. Pub. Res. Code § 8621
- Type
- Statute
- Source
- California Public Resources Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The purchase price shall not exceed the fair market value of the outstanding interests to be acquired. Prior to any such acquisition the trustee shall review the evidence and applicable law and shall determine whether the state may have any right, title, or interest therein and deduct from the…
Citator
Cal. Pub. Res. Code § 8621 — Administration is in force in the current edition of the Code, and nothing recorded condemns it.
The purchase price shall not exceed the fair market value of the outstanding interests to be acquired. Prior to any such acquisition the trustee shall review the evidence and applicable law and shall determine whether the state may have any right, title, or interest therein and deduct from the economic value of the acquisition the value of any such state interest.