California Vehicle Code 12208 – If the recovery corporation pays the claim, the amount of the payment …
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If the recovery corporation pays the claim, the amount of the payment shall be the total of the amount of the eligible claim, but in no event may the payment exceed thirty-five thousand dollars ($35,000) for a transaction.
(Added by Stats. 2007, Ch. 437, Sec. 6. Effective January 1, 2008.)
Terms Used In California Vehicle Code 12208
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.