Corporations Code section 2293

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.

Source: Section 2293, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CORP§ionNum=2293.­ (updated Jan. 1, 2013; accessed Jun. 18, 2026).

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Verified:
Jun. 18, 2026

§ 2293's source at ca​.gov