Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 1.: DIVISION 1. FINANCIAL INSTITUTIONS/Ch. 6.: CHAPTER 6. Enforcement/Art. 5.: ARTICLE 5. Suspension or Possession of a License/§ 594.
California Statutes

§ 594. — 594. (Added by Stats. 2011, Ch. 243, Sec. 2.)

California § 594.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.DIVISION 1. FINANCIAL INSTITUTIONS
Ch. 6.CHAPTER 6. Enforcement
Art. 5.ARTICLE 5. Suspension or Possession of a License

This text of California § 594. (594. (Added by Stats. 2011, Ch. 243, Sec. 2.)) 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 § 594. (2026).

Text

(a)Upon taking possession of the property and business of any licensee, the commissioner shall give notice of that fact to all persons holding or having in their possession any assets of the licensee. No person knowing of the taking, or who has been notified thereof, shall have a lien or charge upon any assets of the licensee for any payment, advance, or clearance thereafter made or for any liability thereafter incurred.
(b)The giving of notice in accordance with this section shall not be deemed to be a prerequisite to the taking of possession of the property and business of the licensee.

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Legislative History

Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.
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California § 594., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/594..