Section 5216. Assignments of judgments to corporation  


Latest version.
  • (a) The corporation
      shall not pay any sum,  in  compliance  with  an  order  made  for  that
      purpose,  if  the  claim  is  founded upon a judgment, except a judgment
      obtained  against  the  corporation  under  this  article,   until   the
      petitioner assigns the judgment to the corporation.
        (b)  After assignment the corporation shall be entitled to enforce the
      judgment for the full amount with interest and costs.   Money  collected
      on  the  judgment in excess of all amounts paid by the corporation shall
      be paid to the judgment creditor.