Fin. Code, § 18425.12 · Article 4. Possession, Conservatorship, and Liquidation by the Commissioner

Fin. Code, § 18425.12

Verbatim from the official edition

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

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.

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=18425.12.
Text hash: sha256 a380984fff4dc9f5097af94d5a0de152c9ce755eb07f486ff3611d663541b773
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.