California Financial Code

§ 17349

FIN § 17349 Effective Oct 2, 1985Div. 6 · Ch. 2.5 · Art. 4

Statute text

If Fidelity Corporation is dissolved, subject to the approval of the commissioner, the net assets after settling all liabilities shall be distributed to the members on the basis of the number of each member’s licensed locations compared to the total number of all members’ licensed locations.

Legislative history

Amended by Stats. 1985, Ch. 1560, Sec. 36. Effective October 2, 1985.