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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

§ 18425.12

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

If it appears improbable that anything can be realized from any property of the company and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the liquidator to abandon the property.

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

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California Financial Code

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