Added by Stats. 1988, Ch. 1458, Sec. 15. Effective September 28, 1988.
Fidelity Corporation shall levy a special assessment against its members whenever:
(a)Deemed necessary by the board of directors in the event of any extraordinary expenses which would seriously deplete the resources of the operations fund; or
(b)A proof of loss has been submitted by a member which, if paid during that fiscal year, would reduce the membership fund by 10 percent or more.
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