BlackletterCalifornia law

Financial Code § 18420.7

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

Current as of September 28, 2026Fin. Code, § 18420.7Official source ↗

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

The commissioner may require a conservator or liquidator to provide such bond as the commissioner deems proper. The conservator or liquidator shall receive a salary, fixed by the commissioner, in an amount no greater than that which would be paid by the commissioner to a special deputy commissioner in charge of the liquidation of the company.