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INTERNAL PROTOTYPE — NOT LEGAL ADVICE — DO NOT SEND

§ 1805

Citation
§ 1805
Parent Document
Action Apartment Ass'n v. Santa Monica Rent Control Board, 114 Cal. Rptr. 2d 412 (2002)
Jurisdiction
California (state)
Effective Date
2002-01-03

Other Sections in This Document (232)

Full Text

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The Ninth Circuit Court of Appeals reversed, stating that “[t]he ‘interest follows principal’ rule’s common law pedigree . . . and near-universal endorsement by American courts—including California’s . . . —leave us with little doubt that interest income of the sort at issue here is sufficiently fundamental that States may not appropriate it without implicating the Takings Clause.” (Schneider v. California Dept, of Corrections, supra, 151 F.3d at p. 1201.) In a more recent decision, Washlefske v. Winston