Fin. Code, § 18420.6 · Article 4. Possession, Conservatorship, and Liquidation by the Commissioner

Fin. Code, § 18420.6

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

The commissioner shall have the authority to terminate the appointment of a conservator or liquidator whenever the commissioner deems it in the best interest of the company, its creditors, and investors. The commissioner shall file a copy of the notice of termination with the court.

Notes and commentary — not statutory text

History

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

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&sectionNum=18420.6.
Text hash: sha256 8ab2eb8ef9294cfe518ed1760e9164e242c4dfedd41542fd5981c64ecb45f574
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

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.