California Fish and Game Code 1058 – In case of an assignment for the benefit of creditors, receivership, …
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In case of an assignment for the benefit of creditors, receivership, or bankruptcy, the state shall have a preferred claim against the license agent’s assignee, receiver, or trustee for all moneys owing the state for the issuing of licenses, permits, reservations, tags, and other entitlements as provided in this code and shall not be estopped from asserting that claim by reason of the commingling of funds or otherwise.
(Amended by Stats. 2015, Ch. 154, Sec. 33. (AB 1527) Effective January 1, 2016.)
Terms Used In California Fish and Game Code 1058
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- State: means the State of California, unless applied to the different parts of the United States. See California Fish and Game Code 83
- Trustee: A person or institution holding and administering property in trust.