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DEAS v. KNAPP

Docket No. S.F. 24224.

29 Cal.3d 69 (1981)

623 P.2d 735

171 Cal. Rptr. 823

CHARLES M. DEAS et al., Plaintiffs and Appellants, v. CHARLES KNAPP et al., Defendants and Appellants.

Supreme Court of California.

February 19, 1981.

Attorney(s) appearing for the Case

COUNSEL

John Sutter for Plaintiffs and Appellants.

Evelle J. Younger and George Deukmejian, Attorneys General, Randall P. Borcherding, Deputy Attorney General, Siegfried D. Hesse, Robert P. Brorby and Dodge, Reyes, Brorby, Randall & Titmus for Defendants and Appellants.

OPINION

NEWMAN, J.

Sections 10450.6 and 10470 et seq. of the Business and Professions Code create a fund, derived from real estate license fees, for payment of claims on unsatisfied judgments against licensees for fraud or conversion of trust funds in connection with licensed activities.1 Payment automatically suspends the judgment debtor's license until he or she reimburses the fund, with interest. (...

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