Whenever the commissioner has taken possession of the property and business of a licensee he may petition the superior court for the appointment of a receiver to liquidate the affairs of the licensee.
Cal. Fin. Code § 17636
Liquidation by the Commissioner
Added by Stats. 1963, Ch. 2130.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.