Cal. Fin. Code § 17349

Current through the 2023 Legislative Session.

Section 17349 - Distribution of net assets upon dissolution

If Fidelity Corporation is dissolved, subject to the approval of the commissioner, the net assets after settling all liabilities shall be distributed to the members on the basis of the number of each member's licensed locations compared to the total number of all members' licensed locations.

Ca. Fin. Code § 17349

Amended by Stats. 1985, Ch. 1560, Sec. 36. Effective October 2, 1985.