BlackletterCalifornia law

Financial Code § 18415.4

ARTICLE 4. Possession, Conservatorship, and Liquidation by the Commissioner

Current as of September 28, 2026Fin. Code, § 18415.4Official source ↗

Added by Stats. 1985, Ch. 140, Sec. 1. Effective July 1, 1985.

The commissioner may also, upon the request of the board of directors of a company, take possession of the property and business of a company and as conservator, take such action as the commissioner deems proper.