California § 12215 - If the recovery corporation is dissolved or ceases to exist, or if the Attorney G
Full text of California Public Contract Code - PCC § 12215 — If the recovery corporation is dissolved or ceases to exist, or if the Attorney G, with citation guidance and answers to common questions.
§ 12215. If the recovery corporation is dissolved or ceases to exist, or if the Attorney G
If the recovery corporation is dissolved or ceases to exist, or if the Attorney General or his or her representative makes a determination, pursuant to Section 12214, that the recovery corporation has failed or ceased to operate, all outstanding debts, obligations of the recovery corporation, and amounts due for services rendered shall first be paid from the remaining assets, including the recovery fund. The assets remaining, after settling those liabilities, shall be distributed to the participants, less the costs of that distribution.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12215
What does Public Contract Code - PCC § 12215 cover?
Section 12215 ("If the recovery corporation is dissolved or ceases to exist, or if the Attorney G") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 12215?
A common citation format is "Public Contract Code - PCC § 12215" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 12215 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.