Statute · California Financial Code
Cal. Fin. Code § 17628 — Possession by Commissioner
Cal. Fin. Code § 17628
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
When the commissioner takes possession of the business, property, and assets of a licensee, he may appoint a custodian. The commissioner may require a good and sufficient bond from the custodian and place him in charge as his representative.
Citator
Cal. Fin. Code § 17628 — Possession by Commissioner is in force in the current edition of the Code, and nothing recorded condemns it.
When the commissioner takes possession of the business, property, and assets of a licensee, he may appoint a custodian. The commissioner may require a good and sufficient bond from the custodian and place him in charge as his representative.