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DIVISION 6. ESCROW AGENTS 17000-17703›CHAPTER 6. Liquidation and Conservatorship 17621-17654›ARTICLE 1. Possession by Commissioner 17621-17629

§ 17629

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

When the commissioner takes possession of the property, business, and assets of a licensee, he may collect all money due to such licensee and give receipt therefor. The commissioner may do such other acts as are necessary or expedient to collect, conserve, or protect the licensee’s business, property, and assets.

(Added by Stats. 1963, Ch. 2130.)

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California Financial Code

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