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

§ 17628

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

When the commissioner takes possession of the business, property, and assets of a licensee, he may appoint a custodian. The commissioner may require a good and sufficient bond from the custodian and place him in charge as his representative.

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

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Financial Code

California Financial Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.