BlackletterCalifornia law

Financial Code § 8228

ARTICLE 6. Conservatorship

Current as of September 28, 2026Fin. Code, § 8228Official source ↗

Added by Stats. 1983, Ch. 1091, Sec. 2.

The directors and officers shall remain in office and the employees shall remain in their respective positions, but the conservator may remove any director, officer, or employee, provided the order of removal of a director or officer shall be approved in writing by the commissioner.