California Financial Code Section 18415.4

CA Fin Code § 18415.4 (2017)  

The commissioner may also, upon the request of the board of directors of a company, take possession of the property and business of a company and as conservator, take such action as the commissioner deems proper.

(Added by Stats. 1985, Ch. 140, Sec. 1. Effective July 1, 1985.)

Last modified: October 25, 2018