Financial Code § 18425.12

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

Current as of September 28, 2026Fin. Code, § 18425.12Official source ↗

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

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