BlackletterCalifornia law

Financial Code § 17648

ARTICLE 3. Liquidation by the Commissioner

Current as of September 28, 2026Fin. Code, § 17648Official source ↗

Added by Stats. 1963, Ch. 2130.

If it appears improbable that anything can be realized from any property of the licensee and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the commissioner to abandon the property.