{"code":"FIN","codeName":"Financial Code","section":"17648","citation":"Fin. Code, § 17648","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 3. Liquidation by the Commissioner [17635. - 17654.]","url":"https://blackletter.si/financial-code/division-6/chapter-6/article-3"}],"history":"Added by Stats. 1963, Ch. 2130.","effective":null,"html":"<p>If it appears improbable that anything can be realized from any property of the licensee and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the commissioner to abandon the property.</p>","text":"If it appears improbable that anything can be realized from any property of the licensee and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the commissioner to abandon the property.","otherVersions":[],"url":"https://blackletter.si/financial-code/liquidation-by-the-commissioner-17648","source":"California Legislative Information bulk export (pubinfo)"}