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HomeCorporations CodeCh. 22.5§ 2293 State Claim Recovery Rights

§ 2293 State Claim Recovery Rights

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 2293 State Claim Recovery Rights

This law says that when the Secretary of State pays you money from a special fund, they take over your right to collect any judgment money, and any money they later collect goes back into that fund.

Key Takeaways

  • •After the Secretary of State pays you from the fund, they step into your shoes to collect any judgment money.
  • •You must transfer all your rights to that judgment to the Secretary of State.
  • •Any money the Secretary later recovers is deposited back into the fund.

Example

Jane gets $5,000 from the fund for a claim. Later a court orders the other party to pay her $2,000. The Secretary of State now has the right to collect that $2,000 from the other party.

Because Jane was paid from the fund, she must give her right to the $2,000 judgment to the Secretary of State, and when the Secretary collects it, they put the $2,000 back into the fund.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 2293 State Claim Recovery Rights

When the Secretary of State has paid from the fund any sum to the claimant, the Secretary of State shall be subrogated to all of the rights of the claimant and the claimant shall assign all of his or her right, title, and interest in the judgment to the Secretary of State and any amount and interest so recovered by the Secretary of State on the judgment shall be deposited in the fund. (Added by Stats. 2012, Ch. 564, Sec. 4. (SB 1058) Effective January 1, 2013.)

Last verified: January 10, 2026

Key Terms

Secretary of Stateclaimantfundsubrogatedright, title, and interestjudgment

Related Statutes

  • § 2294 Restitution Fund Award Limits
  • § 2282.1 Corporation Payment Claim Notice
  • § 2285 Claim Decision Notice Requirement
  • § 2286 Corporation Fund Award Notice
  • § 2290 Fund Payment Priority Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 2293.
View Official Source