California Code of Regulations
Title 2 - Administration
Division 7 - Secretary of State
Chapter 12 - Victims of Corporate Fraud Compensation Fund
Section 22503 - Notice to Judgment Debtor

Upon receipt of the application, the Secretary of State shall provide the following notice to the judgment debtor's designated agent for service of process:

NOTICE: Based upon a judgment entered against you in favor of __________(name of claimant), application for payment from the Victims of Corporate Fraud Compensation Fund is being made to the Secretary of State.

If payment is made from the Victims of Corporate Fraud Compensation Fund, your corporation will be automatically assessed the amount of the payment plus interest at the prevailing legal rate by the Secretary of State. If your corporation does not pay the assessed amount, your corporation will be suspended and cannot be reinstated until the Victims of Corporate Fraud Compensation Fund has been reimbursed for the amount paid plus interest at the prevailing legal rate.

If you wish to contest payment of the application by the Secretary of State, you must submit a written response to the application which must be addressed to the Secretary of State at the Office of the Secretary of State, Business Programs Division, Victims of Corporate Fraud Compensation Fund, P.O. Box 15659, Sacramento, California 95852 within 30 days after mailing of this notice and mail or deliver a copy of that response to the claimant. The response must contain the name, title, and address of the officer, director, managing agent, or other responsible person authorized to represent the corporation and the address at which the corporation wishes to receive correspondence and notices relating to the application, and a telephone number at which the corporation's representative can be reached during regular business hours. If the corporation is represented by an attorney in objecting to the application, the response shall contain the name, business address, and telephone number of the attorney.

The response must be verified by an officer or director and must include a proof of service showing a copy of the response was sent to _(name and address of claimant or claimant's attorney). If you fail to do so, you will have waived your right to present your objections to payment of the application.

1. New section filed 3-9-2004; operative 3-9-2004 pursuant to Government Code section 11343.4 (Register 2004, No. 11).
2. Amendment of section heading, section and NOTE filed 1-2-2013; operative 1-2-2013 pursuant to Government Code section 11343.4 (Register 2013, No. 1).

Note: Authority cited: Section 2280, Corporations Code. Reference: Sections 2282.1 and 2282.2, Corporations Code.