BlackletterCalifornia law

Financial Code § 18420.6

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

Current as of September 28, 2026Fin. Code, § 18420.6Official source ↗

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

The commissioner shall have the authority to terminate the appointment of a conservator or liquidator whenever the commissioner deems it in the best interest of the company, its creditors, and investors. The commissioner shall file a copy of the notice of termination with the court.