Earlier editions: 2020-112018-11
DIVISION 1. FINANCIAL INSTITUTIONS 99-900›CHAPTER 6. Enforcement 550-595›ARTICLE 5. Suspension or Possession of a License 590-595
§ 595
California Financial Code · 2026 edition · updated 2026-10-04 · California
The commissioner is deemed to take possession of the entire property and business of a licensee when the commissioner takes possession of the business and property of the head office of the licensee.
(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code