Cal. Fin. Code § 643

Current through the 2023 Legislative Session.

Section 643 - Ordering amount set aside for withdrawal by customers and payments to creditors

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.

Ca. Fin. Code § 643

Added by Stats 2011 ch 243 (SB 664),s 2, eff. 1/1/2012.