California Financial Code

§ 690

FIN § 690 Effective Jan 1, 2012Div. 1 · Ch. 7 · Art. 4

Statute text

(a)When the commissioner has completed the liquidation of the licensee, he or she shall petition the court for an order declaring the licensee duly wound up and dissolved.

(b)After any notice as the court may direct and a hearing, the court may make an order declaring the licensee duly wound up and dissolved. The order shall declare all of the following:

(1)The licensee has been duly wound up.

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Legislative history

Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.