Statute · California Financial Code
Cal. Fin. Code § 8250 — Receivership
Cal. Fin. Code § 8250
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) If the commissioner finds that any association (1) is in an impaired condition, (2) is engaging in practices that threaten to result in an impaired condition, or (3) is in violation of an order or injunction issued pursuant to this division, the commissioner may appoint a receiver for the…
Citator
Cal. Fin. Code § 8250 — Receivership is in force in the current edition of the Code, and nothing recorded condemns it.
(a) If the commissioner finds that any association (1) is in an impaired condition, (2) is engaging in practices that threaten to result in an impaired condition, or (3) is in violation of an order or injunction issued pursuant to this division, the commissioner may appoint a receiver for the association.
(b) The receiver may be the commissioner, deputy commissioner or any other person.
(c) The receiver shall, upon appointment, immediately take possession of the books, records, and assets of every description of the association.