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HomeCorporations CodeCh. 22.5§ 2294 Restitution Fund Award Limits

§ 2294 Restitution Fund Award Limits

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 2294 Restitution Fund Award Limits

This law says the Secretary of State can't give you money from the fund if you've already gotten money for the same judgment from another restitution fund or from the company or anyone else involved in the case.

Key Takeaways

  • •You can’t get the same money twice from different sources.
  • •If you’ve already been paid any part of the judgment, the state fund won’t pay you again.
  • •The rule applies to payments from any other restitution fund or from the defendant, its agents, or anyone else in the case.

Example

Jane wins a lawsuit against a car company and the company pays her $5,000. Later she asks the state fund for the rest of the money she’s owed.

Because Jane already received part of the judgment from the car company, the Secretary of State must refuse to give her any more money from the state fund.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 2294 Restitution Fund Award Limits

The Secretary of State shall not make any award to a claimant from the fund if the claimant has received payment from any other restitution funds or for the portions of the judgment that the claimant has collected from the corporation or its agent or any other defendant in the underlying judgment. (Amended by Stats. 2016, Ch. 390, Sec. 9. (AB 2759) Effective January 1, 2017.)

Last verified: January 10, 2026

Key Terms

Secretary of Stateawardclaimantrestitution fundsjudgmentcorporationdefendant

Related Statutes

  • § 2282.1 Corporation Payment Claim Notice
  • § 2286 Corporation Fund Award Notice
  • § 2293 State Claim Recovery Rights
  • § 2282.2 Corporate Claim Response Requirements
  • § 2285 Claim Decision Notice Requirement

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 2294.
View Official Source