California Financial Code ARTICLE 7 - Receivership

• Section 8250.
  (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...
• Section 8251.
  (a) In the case of an insured association, the appointment by the commissioner of a receiver under this article shall constitute an official determination of a...
• Section 8252.
  If the commissioner or a department employee is appointed receiver, no additional compensation shall be paid, but if another person is appointed, then the compensation...
• Section 8253.
  If the association is an institution insured by the Federal Deposit Insurance Corporation, the Federal Deposit Insurance Corporation shall be tendered appointment as receiver or...
• Section 8254.
  Whenever a receiver has taken possession of the property and business of any association pursuant to this article, that association, within 10 days after the...

Last modified: October 22, 2018