California Insurance Code

§ 11095

INS § 11095Div. 2 · Part 2 · Ch. 10 · Art. 6

Statute text

If the court orders the society liquidated, it shall be enjoined from carrying on any further business, whereupon the receiver of the society shall proceed at once to take possession of the books, papers, money and other assets of the society and, under the direction of the court, proceed forthwith to close the affairs of the society and to distribute its funds to those entitled thereto.

Legislative history

Added by Stats. 1951, Ch. 1193.