Statute · California Financial Code
Cal. Fin. Code § 17629 — Possession by Commissioner
Cal. Fin. Code § 17629
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
When the commissioner takes possession of the property, business, and assets of a licensee, he may collect all money due to such licensee and give receipt therefor. The commissioner may do such other acts as are necessary or expedient to collect, conserve, or protect the licensee’s business,…
Citator
Cal. Fin. Code § 17629 — 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 property, business, and assets of a licensee, he may collect all money due to such licensee and give receipt therefor. The commissioner may do such other acts as are necessary or expedient to collect, conserve, or protect the licensee’s business, property, and assets.