Statute · California Financial Code
Cal. Fin. Code § 676 — Liquidation of an Uninsured Licensee
Cal. Fin. Code § 676
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The commissioner from time to time shall deposit all moneys coming into his or her hands in the course of the liquidation of the licensee in one or more state banks or state credit unions and in the event of the suspension or insolvency of the depositary shall be preferred before all other deposits.
Citator
Cal. Fin. Code § 676 — Liquidation of an Uninsured Licensee is in force in the current edition of the Code, and nothing recorded condemns it.
The commissioner from time to time shall deposit all moneys coming into his or her hands in the course of the liquidation of the licensee in one or more state banks or state credit unions and in the event of the suspension or insolvency of the depositary shall be preferred before all other deposits.