California § 18425.16. 18425.16. (Added by Stats. 1985, Ch. 140, Sec. 1.)

California Statutes

§ 18425.16. — 18425.16. (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

In making its order approving the commissioner’s final statement of the liquidation of the company, the court shall determine the amounts of the liquidating dividends to which claimants are entitled but which then remain unpaid or unclaimed in the hands of the commissioner. The order of the court shall direct the commissioner to deposit those amounts with the Treasurer. All amounts so deposited shall be deemed to be deposited in the State Treasury under the provisions of Chapter 7 (commencing with Section 1500) of Title 10 of Part 3 of the Code of Civil Procedure, and shall be subject to claim or disposition as provided in
 that chapter.

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In making its order approving the commissioner’s final statement of the liquidation of the company, the court shall determine the amounts of the liquidating dividends to which claimants are entitled but which then remain unpaid or unclaimed in the hands of the commissioner. The order of the court shall direct the commissioner to deposit those amounts with the Treasurer. All amounts so deposited shall be deemed to be deposited in the State Treasury under the provisions of Chapter 7 (commencing with Section 1500) of Title 10 of Part 3 of the Code of Civil Procedure, and shall be subject to claim or disposition as provided in
that chapter.

California § 18425.16. (18425.16. (Added by Stats. 1985, Ch. 140, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.