BlackletterCalifornia law

Financial Code § 15259

ARTICLE 2. Dissolution

Current as of September 28, 2026Fin. Code, § 15259Official source ↗

Added by Stats. 1979, Ch. 112.

At any time during the liquidation process, the committee or the liquidating agent in charge of liquidation may be relieved of their duties at the discretion of the commissioner and the commissioner shall thereafter act as the liquidating agent or appoint a liquidating agent to complete the dissolution of the credit union.