Section 1042.

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All accrued interest on money turned over to the administrator and retained by him or her under this chapter shall be accounted for by the home and deposited to the credit of the Morale, Welfare, and Recreation Fund and used for the common benefit of members.

(Amended by Stats. 2017, Ch. 28, Sec. 77. (SB 96) Effective June 27, 2017.)


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