California Financial Code

§ 18425.12

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 18425.12 Effective Jul 1, 1985Div. 7 · Ch. 5 · Art. 4

Statute text

View on leginfo.ca.gov

If it appears improbable that anything can be realized from any property of the company and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the liquidator to abandon the property.

Legislative history

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