An association shall not enter into a settlement agreement for an amount greater than one hundred thousand dollars ($100,000) without the prior approval of the department.

(Amended by Stats. 2014, Ch. 342, Sec. 7. (AB 2490) Effective January 1, 2015.)

Terms Used In California Food and Agricultural Code 4051.2

  • Department: means the Department of Food and Agriculture. See California Food and Agricultural Code 32
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
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