Fin. Code, § 17333 · Article 4. General Provisions
Fin. Code, § 17333
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The commissioner may forthwith upon written notice and order take possession of the property and business of Fidelity Corporation and retain possession until Fidelity Corporation satisfies the commissioner that it will operate in conformity with this chapter whenever it appears to the commissioner that Fidelity Corporation has done any of the following:
(a) Violated its articles of incorporation or any law of this state.
(b) Invested its funds in violation of Section 17337.
(c) Not levied assessments as required by Sections 17320, 17321 and 17321.1.
(d) Has not diligently prosecuted an action pursuant to Section 17323.
(e) Violated any section of this chapter.
(f) Neglected or refused to submit its books, papers, and affairs to the inspection of the commissioner.
During the time the commissioner has possession the commissioner shall perform the duties and carry out the obligations of Fidelity Corporation.
Notes and commentary — not statutory text
History
Amended by Stats. 1990, Ch. 1431, Sec. 4.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=17333.
- Text hash
- sha256 a00ff5a4011ba313f871c84bcbd7494fedf7f6569e7793f8e42233ed496d9c25
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.