California § 601. 601. (Added by Stats. 2011, Ch. 243, Sec. 2.)

California Statutes

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

California § 601.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 1.DIVISION 1. FINANCIAL INSTITUTIONS

Ch. 7.CHAPTER 7. Liquidation and Conservation

Art. 1.ARTICLE 1. General Provisions

This text of California § 601. (601. (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 § 601. (2026).

Text

Upon taking possession of the property and business of any licensee, the commissioner has authority, and it is his or her duty, to collect all moneys due to the licensee and to do other acts as are necessary or expedient to collect, conserve, or protect the licensee’s assets, property, and business, and he or she shall proceed to conserve or liquidate the affairs of the licensee as provided in this article.

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Upon taking possession of the property and business of any licensee, the commissioner has authority, and it is his or her duty, to collect all moneys due to the licensee and to do other acts as are necessary or expedient to collect, conserve, or protect the licensee’s assets, property, and business, and he or she shall proceed to conserve or liquidate the affairs of the licensee as provided in this article.

Legislative History

Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.

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Bluebook (online)

California § 601., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/601..