{"code":"FIN","codeName":"Financial Code","section":"18415.11","citation":"Fin. Code, § 18415.11","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]","url":"https://blackletter.si/financial-code/division-7"},{"name":"CHAPTER 5. Administration and Powers of the Commissioner [18339. - 18427.11.]","url":"https://blackletter.si/financial-code/division-7/chapter-5"},{"name":"ARTICLE 4. Possession, Conservatorship, and Liquidation by the Commissioner [18415. - 18425.17.]","url":"https://blackletter.si/financial-code/division-7/chapter-5/article-4"}],"history":"Added by Stats. 1985, Ch. 140, Sec. 1.   Effective July 1, 1985.","effective":"1985-07-01","html":"<p>Upon taking possession of the property and business of any company, the commissioner has authority and the duty to collect all moneys due to the company and to do such other acts as are necessary or expedient to collect, conserve, or protect its assets, property and business. The commissioner shall also proceed to conserve or liquidate the affairs thereof as provided in this chapter.</p>","text":"Upon taking possession of the property and business of any company, the commissioner has authority and the duty to collect all moneys due to the company and to do such other acts as are necessary or expedient to collect, conserve, or protect its assets, property and business. The commissioner shall also proceed to conserve or liquidate the affairs thereof as provided in this chapter.","otherVersions":[],"url":"https://blackletter.si/financial-code/possession-conservatorship-and-liquidation-by-the-18415-11","source":"California Legislative Information bulk export (pubinfo)"}