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DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 5. Administration and Powers of the Commissioner 18339-18427.11›ARTICLE 4. Possession, Conservatorship, and Liquidation by the Commissioner 18415-18425.17

§ 18420.6

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

The commissioner shall have the authority to terminate the appointment of a conservator or liquidator whenever the commissioner deems it in the best interest of the company, its creditors, and investors. The commissioner shall file a copy of the notice of termination with the court.

(Added by Stats. 1985, Ch. 140, Sec. 1. Effective July 1, 1985.)

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California Financial Code

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