{"code":"FIN","codeName":"Financial Code","section":"18415.4","citation":"Fin. Code, § 18415.4","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>The commissioner may also, upon the request of the board of directors of a company, take possession of the property and business of a company and as conservator, take such action as the commissioner deems proper.</p>","text":"The commissioner may also, upon the request of the board of directors of a company, take possession of the property and business of a company and as conservator, take such action as the commissioner deems proper.","otherVersions":[],"url":"https://blackletter.si/financial-code/possession-conservatorship-and-liquidation-by-the-18415-4","source":"California Legislative Information bulk export (pubinfo)"}