California § 1012. 1012. (Amended by Stats. 2013, Ch. 321, Sec. 9.)

California Statutes

§ 1012. — 1012. (Amended by Stats. 2013, Ch. 321, Sec. 9.)

California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 1. CHAPTER 1. General Regulations·Art. 14. ARTICLE 14. Proceedings in Cases of Insolvency and Delinquency

Except in the case of an order issued based on a verified application showing the conditions in subdivision (j) of Section 1011 to exist, the order shall continue in force and effect until, on the application either of the commissioner or of that person, it shall, after a full hearing, appear to the court that the ground for the order directing the commissioner to take title and possession does not exist or has been removed and that the person can properly resume title and possession of its property and the conduct of its business.

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Except in the case of an order issued based on a verified application showing the conditions in subdivision (j) of Section 1011 to exist, the order shall continue in force and effect until, on the application either of the commissioner or of that person, it shall, after a full hearing, appear to the court that the ground for the order directing the commissioner to take title and possession does not exist or has been removed and that the person can properly resume title and possession of its property and the conduct of its business.

California § 1012. (1012. (Amended by Stats. 2013, Ch. 321, Sec. 9.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.