{"code":"FIN","codeName":"Financial Code","section":"603","citation":"Fin. Code, § 603","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. FINANCIAL INSTITUTIONS [99. - 900.]","url":"https://blackletter.si/financial-code/division-1"},{"name":"CHAPTER 7. Liquidation and Conservation [600. - 710.]","url":"https://blackletter.si/financial-code/division-1/chapter-7"},{"name":"ARTICLE 1. General Provisions [600. - 609.]","url":"https://blackletter.si/financial-code/division-1/chapter-7/article-1"}],"history":"Added by Stats. 2011, Ch. 243, Sec. 2.   (SB 664)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>Upon taking possession of the property and business of any licensee pursuant to Section <a href=\"/fin/592\">592</a>, the commissioner may proceed to liquidate or conserve the licensee in the manner provided by this article.</p>","text":"Upon taking possession of the property and business of any licensee pursuant to Section 592, the commissioner may proceed to liquidate or conserve the licensee in the manner provided by this article.","otherVersions":[],"url":"https://blackletter.si/financial-code/general-provisions-603","source":"California Legislative Information bulk export (pubinfo)"}