California Statutes
§ 18425.12. — 18425.12. (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
If it appears improbable that anything can be realized from any property of the company and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the liquidator to abandon the property.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 18425.12. (18425.12. (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.