{"code":"FIN","codeName":"Financial Code","section":"18425.12","citation":"Fin. Code, § 18425.12","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>If it appears improbable that anything can be realized from any property of the company and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the liquidator to abandon the property.</p>","text":"If it appears improbable that anything can be realized from any property of the company and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the liquidator to abandon the property.","otherVersions":[],"url":"https://blackletter.si/financial-code/possession-conservatorship-and-liquidation-by-the-18425-12","source":"California Legislative Information bulk export (pubinfo)"}