California Statutes
§ 18425.13. — 18425.13. (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 a purchaser of any property or any bad or doubtful debt or claim of a company cannot be obtained and it appears improbable that recovery thereon can be had, and that the cost of action to enforce collection of the same would probably be lost, the superior court may direct that suit on the debt or claim need not be brought.
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California § 18425.13. (18425.13. (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.