California Legal Codes and Statutes

§ 11777

Amended by Stats. 1947, Ch. 520.

Such cash dividend or credit is to be in an amount which the board of directors in its discretion considers to be the employer’s proportion of divisible surplus.

Cite this section

Cal. Ins. Code § 11777 (2026)
https://ca.codecond.com/codes/ins/division-2-classes-of-insurance/part-3-liability-workers-compensation-and-common-carrier-liability-insurance/chapter-4-the-state-compensation-insurance-fund/article-1-organization-and-powers/section-11777

Other sections in Article 1 - Organization and Powers

§ 11770§ 11771§ 11771.5§ 11772§ 11773§ 11774§ 11775§ 11776§ 11777§ 11778…§ 11793§ 11797§ 11800§ 11800.1§ 11800.2§ 11801§ 11802§ 11803§ 11804§ 11805

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