California Code
ARTICLE 4 - Possession, Conservatorship, and Liquidation by the Commissioner
Section 18420.6.

18420.6. 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.

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

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Structure California Code

California Code

Financial Code - FIN

DIVISION 7 - INDUSTRIAL LOAN COMPANIES

CHAPTER 5 - Administration and Powers of the Commissioner

ARTICLE 4 - Possession, Conservatorship, and Liquidation by the Commissioner

Section 18415.

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Section 18420.

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Section 18425.

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