{"code":"FIN","codeName":"Financial Code","section":"17629","citation":"Fin. Code, § 17629","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 property, business, and assets of a licensee, he may collect all money due to such licensee and give receipt therefor. The commissioner may do such other acts as are necessary or expedient to collect, conserve, or protect the licensee’s business, property, and assets.</p>","text":"When the commissioner takes possession of the property, business, and assets of a licensee, he may collect all money due to such licensee and give receipt therefor. The commissioner may do such other acts as are necessary or expedient to collect, conserve, or protect the licensee’s business, property, and assets.","otherVersions":[],"url":"https://blackletter.si/financial-code/possession-by-commissioner-17629","source":"California Legislative Information bulk export (pubinfo)"}