2009 California Financial Code - Section 3150 :: Article 2. Voluntary Liquidation

3150.  Any bank which voluntarily has ceased to do a banking
business shall immediately notify the commissioner thereof and shall
then proceed to liquidate its affairs. Any deposit or other sum which
has not been paid to the person entitled thereto within six months
after the bank ceased to conduct a banking business shall be paid
into the State Treasury. Such deposits shall be deemed to have been
received under the provisions of Chapter 7 (commencing with Section
1500) of Title 10 of Part 3 of the Code of Civil Procedure, and shall
be subject to claim or other disposition as provided in said Chapter
7 (commencing with Section 1500) of Title 10. If the commissioner
has reason to conclude that the liquidation of such bank is not being
safely or expeditiously conducted, he or she may take possession of
the business and property of such bank in the same manner and with
the same effect and subject to the same rights accorded the bank as
if he or she had taken possession pursuant to the provisions of
Article 1 of this chapter, and he or she may proceed to liquidate its
affairs in the same manner as provided in said Article 1. When such
bank has been completely liquidated, its corporate existence shall be
dissolved in the manner provided by law.