California Financial Code

§ 18415.19

FIN § 18415.19 Effective Jul 1, 1985Div. 7 · Ch. 5 · Art. 4

Statute text

All expenses of taking possession of, conserving, conducting, liquidating, disposing of or otherwise dealing with the business and property of any company under this article shall be paid out of the assets of that company. Those expenses shall include, among other things, the compensation of special deputy commissioners, clerks and assistants and the actual cost of any services attributable to the conservatorship or liquidation performed by the commissioner and staff, including the actual amount of salary or compensation paid to the person performing the services and overhead costs in connection therewith as fixed by the commissioner.

Legislative history

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