California Statutes

§ 8250. — 8250. (Amended by Stats. 1988, Ch. 718, Sec. 22.)

California § 8250.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW
Ch. 7.CHAPTER 7. Supervision
Art. 7.ARTICLE 7. Receivership

This text of California § 8250. (8250. (Amended by Stats. 1988, Ch. 718, Sec. 22.)) 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 § 8250. (2026).

Text

(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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Legislative History

Amended by Stats. 1988, Ch. 718, Sec. 22.
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California § 8250., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/8250..