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2017 California Code
Financial Code - FIN
DIVISION 7 - INDUSTRIAL LOAN COMPANIES
CHAPTER 5 - Administration and Powers of the Commissioner
ARTICLE 4 - Possession, Conservatorship, and Liquidation by the Commissioner
Section 18425.12.
Universal Citation: CA Fin Code § 18425.12 (2017)
18425.12.
If it appears improbable that anything can be realized from any property of the company and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the liquidator to abandon the property.
(Added by Stats. 1985, Ch. 140, Sec. 1. Effective July 1, 1985.)
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