Statute · California Financial Code
Cal. Fin. Code § 18425.13 — Possession, Conservatorship, and Liquidation by the Commissioner
Cal. Fin. Code § 18425.13
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1985-07-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If a purchaser of any property or any bad or doubtful debt or claim of a company cannot be obtained and it appears improbable that recovery thereon can be had, and that the cost of action to enforce collection of the same would probably be lost, the superior court may direct that suit on the…
Citator
Cal. Fin. Code § 18425.13 — Possession, Conservatorship, and Liquidation by the Commissioner is in force in the current edition of the Code, and nothing recorded condemns it.
If a purchaser of any property or any bad or doubtful debt or claim of a company cannot be obtained and it appears improbable that recovery thereon can be had, and that the cost of action to enforce collection of the same would probably be lost, the superior court may direct that suit on the debt or claim need not be brought.