{"code":"FIN","codeName":"Financial Code","section":"17628","citation":"Fin. Code, § 17628","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 6. ESCROW AGENTS [17000. - 17703.]","url":"https://blackletter.si/financial-code/division-6"},{"name":"CHAPTER 6. Liquidation and Conservatorship [17621. - 17654.]","url":"https://blackletter.si/financial-code/division-6/chapter-6"},{"name":"ARTICLE 1. Possession by Commissioner [17621. - 17629.]","url":"https://blackletter.si/financial-code/division-6/chapter-6/article-1"}],"history":"Added by Stats. 1963, Ch. 2130.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/financial-code/possession-by-commissioner-17628","source":"California Legislative Information bulk export (pubinfo)"}