Statute · California Financial Code
Cal. Fin. Code § 17648 — Liquidation by the Commissioner
Cal. Fin. Code § 17648
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If it appears improbable that anything can be realized from any property of the licensee and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the commissioner to abandon the property.
Citator
Cal. Fin. Code § 17648 — Liquidation by the Commissioner is in force in the current edition of the Code, and nothing recorded condemns it.
If it appears improbable that anything can be realized from any property of the licensee and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the commissioner to abandon the property.