BlackletterCalifornia law

Financial Code § 17628

ARTICLE 1. Possession by Commissioner

Current as of September 28, 2026Fin. Code, § 17628Official source ↗

Added by Stats. 1963, Ch. 2130.

When the commissioner takes possession of the business, property, and assets of a licensee, he may appoint a custodian. The commissioner may require a good and sufficient bond from the custodian and place him in charge as his representative.