California § 18415.17. 18415.17. (Added by Stats. 1985, Ch. 140, Sec. 1.)

California Statutes

§ 18415.17. — 18415.17. (Added by Stats. 1985, Ch. 140, Sec. 1.)

California § 18415.17.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES

Ch. 5.CHAPTER 5. Administration and Powers of the Commissioner

Art. 4.ARTICLE 4. Possession, Conservatorship, and Liquidation by the Commissioner

This text of California § 18415.17. (18415.17. (Added by Stats. 1985, Ch. 140, Sec. 1.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 18415.17. (2026).

Text

The determination by the commissioner to liquidate a company, evidenced by filing written notice of the determination with the court, operates to stay or dissolve all actions or attachments instituted or levied within 90 days next preceding the taking of possession of the company by the commissioner, and pending the process of liquidation, no attachment or execution shall be levied or lien created upon any of the property of the company.

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The determination by the commissioner to liquidate a company, evidenced by filing written notice of the determination with the court, operates to stay or dissolve all actions or attachments instituted or levied within 90 days next preceding the taking of possession of the company by the commissioner, and pending the process of liquidation, no attachment or execution shall be levied or lien created upon any of the property of the company.