Ed. Code, § 24952 · Chapter 36. Annuity Contract and Custodial Accounts
Ed. Code, § 24952
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Any annuity contract and custodial account advertised, promoted, or offered through one or more third-party service providers, shall provide for recovery, from the employees who participate, of all costs and expenses of its own administration, including, but not limited to, advertising, promotion, legal, accounting, compliance, recordkeeping, and investment costs and expenses.
(b) Any annuity contract and custodial account administered by the system shall provide for the recovery of all costs and expenses of its administration.
(c) The system may promote and advertise an annuity contract and custodial account administered directly by the system or by a third-party administrator.
Notes and commentary — not statutory text
History
Amended by Stats. 2006, Ch. 780, Sec. 3. Effective January 1, 2007.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=24952.
- Text hash
- sha256 5ac8cca5fbef1ff7bce9f7348e2deeaf316246fcf09b709a7c722f574c947831
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.