Financial Code section 407

Whenever the commissioner makes an assessment pursuant to Section 405 or 406, the commissioner shall fix the date when the assessment is due and payable and shall mail or otherwise deliver to each bank and trust company assessed an invoice showing the amount of its assessment and the date when the assessment is due and payable.

Source: Section 407, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=407.­ (updated Jan. 1, 2012; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 407's source at ca​.gov