California § 18425. 18425. (Added by Stats. 1985, Ch. 140, Sec. 1.)

California Statutes

§ 18425. — 18425. (Added by Stats. 1985, Ch. 140, Sec. 1.)

California § 18425.

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 § 18425. (18425. (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 § 18425. (2026).

Text

If at any time after taking possession of the property and business of a company it shall appear to the commissioner that it would be futile to proceed as conservator with the conduct of the business of the company, the commissioner may order the company to be liquidated. A copy of the liquidation order shall be filed with the clerk of the superior court.

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