BlackletterCalifornia law

Financial Code § 643

ARTICLE 3. Conservatorship of an Uninsured Licensee

Current as of September 28, 2026Fin. Code, § 643Official source ↗

Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.

While any licensee is in the hands of a conservator, the commissioner may require the conservator to set aside and make available for withdrawal by customers and for payment to other creditors on a ratable basis such amounts as in the opinion of the commissioner may safely be used for that purpose.