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Earlier editions: 2020-112018-11

DIVISION 6. ESCROW AGENTS 17000-17703›CHAPTER 6. Liquidation and Conservatorship 17621-17654›ARTICLE 3. Liquidation by the Commissioner 17635-17654

§ 17639

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

After the issuance of an order of liquidation under Section 17635, any of the following transactions occurring within four months prior to the application for such order shall be voidable by the commissioner if such transaction has the effect of giving to or enabling any creditor of the licensee to obtain a preference over any other creditor, or to obtain a greater percentage of his debt than any other creditor:

(a) A transfer of property of the licensee.

(b) The creation of a lien upon the property of the licensee.

(c) The suffering of a judgment against such person.

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

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California Financial Code

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