California Financial Code

§ 18420.6

FIN § 18420.6 Effective Jul 1, 1985Div. 7 · Ch. 5 · Art. 4

Statute text

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.

Legislative history

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