California Statutes
§ 676. — 676. (Added by Stats. 2011, Ch. 243, Sec. 2.)
California·Code FIN Financial Code - FIN·Div. 1. DIVISION 1. FINANCIAL INSTITUTIONS·Ch. 7. CHAPTER 7. Liquidation and Conservation·Art. 4. ARTICLE 4. Liquidation of an Uninsured Licensee
The commissioner from time to time shall deposit all moneys coming into his or her hands in the course of the liquidation of the licensee in one or more state banks or state credit unions and in the event of the suspension or insolvency of the depositary shall be preferred before all other deposits.
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California § 676. (676. (Added by Stats. 2011, Ch. 243, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.