Fin. Code, § 581 · Article 3. Orders Against Licensees and Subject Persons
Fin. Code, § 581
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
If the commissioner finds that any of the factors set forth in Section 580 is true with respect to any subject institution, subject person, or holding company, and that the action, omission, or violation is likely to have any of the consequences set forth in subdivisions (a) to (d), inclusive, the commissioner may, without any prior notice or opportunity to be heard, order the subject institution or subject person to cease and desist from the following:
(a) Any act, omission, or violation that may cause the insolvency of the subject institution.
(b) Any act, omission, or violation that may cause significant dissipation of the assets or earnings of the subject institution.
(c) Any act, omission, or violation that may weaken the condition of the subject institution.
(d) Any act, omission, or violation that may otherwise prejudice the interests of the customers of the subject institution.
Notes and commentary — not statutory text
History
Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.
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=581.
- Text hash
- sha256 0c548b23fcd2417ea5b7497bdc11597ef7dbe06dcc243ba6889eae0d1612add2
- 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.
Financial Code
Cited by 5 provisions
Provisions in this library whose text cites Fin. Code, § 581. Each shows the citation as that text prints it.
Financial Code
- Fin. Code, § 552Printed as Section 567, 581, 582, 586, or 591
- Fin. Code, § 553Printed as Section 580, 581, 582, 585, 586, or 587
- Fin. Code, § 583Printed as Sections 329, 567, 580, 581, 582, 585, 586, 587, 2148, 14303, 14304, 14305, 14307, 14308, 14309, 14310, 16200.5, 16900.5, 18349.5, 18356, 18357, 18358, 18359, 18363, 18367, and 18415.3
- Fin. Code, § 1866Printed as Section 580 or 581
- Fin. Code, § 2040Printed as Section 580 or 581
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