Statute · California Financial Code
Cal. Fin. Code § 643 — Conservatorship of an Uninsured Licensee
Cal. Fin. Code § 643
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
While any licensee is in the hands of a conservator, the commissioner may require the conservator to set aside and make available for withdrawal by customers and for payment to other creditors on a ratable basis such amounts as in the opinion of the commissioner may safely be used for that purpose.
Citator
Cal. Fin. Code § 643 — Conservatorship of an Uninsured Licensee is in force in the current edition of the Code, and nothing recorded condemns it.
While any licensee is in the hands of a conservator, the commissioner may require the conservator to set aside and make available for withdrawal by customers and for payment to other creditors on a ratable basis such amounts as in the opinion of the commissioner may safely be used for that purpose.