California Statutes
§ 8250. — 8250. (Amended by Stats. 1988, Ch. 718, Sec. 22.)
California·Code FIN Financial Code - FIN·Div. 2. DIVISION 2. SAVINGS ASSOCIATION LAW·Ch. 7. CHAPTER 7. Supervision·Art. 7. ARTICLE 7. Receivership
(a)If the commissioner finds that any association (1) is in an impaired condition, (2) is engaging in practices that threaten to result in an impaired condition, or (3) is in violation of an order or injunction issued pursuant to this division, the commissioner may appoint a receiver for the association.
(b)The receiver may be the commissioner, deputy commissioner or any other person.
(c)The receiver shall, upon appointment, immediately take possession of the books, records, and assets of every
description of the association.
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California § 8250. (8250. (Amended by Stats. 1988, Ch. 718, Sec. 22.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1988, Ch. 718, Sec. 22.