BlackletterCalifornia law

Financial Code § 17652

ARTICLE 3. Liquidation by the Commissioner

Current as of September 28, 2026Fin. Code, § 17652Official source ↗

Added by Stats. 1963, Ch. 2130.

Upon the payment of a final dividend in liquidation, the commissioner shall prepare and file with the court a full and final statement of the liquidation, including a summary of the receipts and disbursements, and a duplicate of such statement shall be filed in the office of the commissioner. After hearing and approval by the court, the liquidation shall be closed.