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·Code FIN Financial 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

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

California § 18415.17. (18415.17. (Added by Stats. 1985, Ch. 140, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.