BlackletterCalifornia law

Financial Code § 17626

ARTICLE 1. Possession by Commissioner

Current as of September 28, 2026Fin. Code, § 17626Official source ↗

Amended by Stats. 1973, Ch. 705.

When the commissioner takes possession of the property, business and assets of any licensee, such licensee or the president and secretary of such licensee shall make and deliver to the commissioner verified schedules of its property, assets, and funds held in escrow. The commissioner may at any time examine under oath any licensee, or any officer, director, trustee, agent, or employee of such licensee, to determine whether or not all such property, assets, and funds held in escrow have been transferred and delivered to his possession.