{"code":"FIN","codeName":"Financial Code","section":"18420.6","citation":"Fin. Code, § 18420.6","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 shall have the authority to terminate the appointment of a conservator or liquidator whenever the commissioner deems it in the best interest of the company, its creditors, and investors. The commissioner shall file a copy of the notice of termination with the court.</p>","text":"The commissioner shall have the authority to terminate the appointment of a conservator or liquidator whenever the commissioner deems it in the best interest of the company, its creditors, and investors. The commissioner shall file a copy of the notice of termination with the court.","otherVersions":[],"url":"https://blackletter.si/financial-code/possession-conservatorship-and-liquidation-by-the-18420-6","source":"California Legislative Information bulk export (pubinfo)"}