Home/California/Statutes/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/§ 18420.6.
California Statutes

§ 18420.6. — 18420.6. (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 commissioner shall have the authority to terminate the appointment of a conservator or liquidator whenever the commissioner deems it in the best interest of the company, its creditors, and investors. The commissioner shall file a copy of the notice of termination with the court.

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California § 18420.6. (18420.6. (Added by Stats. 1985, Ch. 140, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 1985, Ch. 140, Sec. 1. Effective July 1, 1985.

Nearby Sections

6
§ 18420.
18420. (Added by Stats. 1985, Ch. 140, Sec. 1.)
§ 18420.1.
18420.1. (Added by Stats. 1985, Ch. 140, Sec. 1.)
§ 18420.2.
18420.2. (Added by Stats. 1985, Ch. 140, Sec. 1.)
§ 18420.5.
18420.5. (Added by Stats. 1985, Ch. 140, Sec. 1.)
§ 18420.6.
18420.6. (Added by Stats. 1985, Ch. 140, Sec. 1.)
§ 18420.7.
18420.7. (Added by Stats. 1985, Ch. 140, Sec. 1.)
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