California Financial Code

§ 17333

FIN § 17333Div. 6 · Ch. 2.5 · Art. 4

Statute text

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.

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Legislative history

Amended by Stats. 1990, Ch. 1431, Sec. 4.