If the commissioner finds as a result of an examination or report that a licensee is insolvent or conducting business in such an unsafe or injurious manner as to render its further operations hazardous to the public, he may forthwith by an order addressed to and served on the licensee by registered mail and on any other person having funds of the licensee or its customers in his possession, direct discontinuance of the
disbursement of such funds and the further conduct of business by the licensee. The order shall be conditioned to remain in effect unless the commissioner fails to hold a hearing within 15 days after receipt of a written request by the licensee, until set aside by the commissioner in whole or in part, until the licensee is the subject of an order for relief in bankruptcy, or pursuant to a petition filed by the commissioner or other interested person a receiver has been appointed by a court of competent jurisdiction.
12300
12300.1
12300.2
12300.3
12300.4
12300.5
12300.6
12301
12301.1
12301.2
12301.3
12301.4
12301.5
12302
12303
12304
12305
12306
12307
12307.1
12307.2
12307.3
12307.4
12307.5
12309
12310
12311
12312
12313.5
12314
12314.1
12315
12315.1
12316
12317
12318
12319
12320
12321
12322
12323
12324
12325
12326
12327
12328
12329
12330
12331
12332
12300.1
12300.2
12300.3
12300.4
12300.5
12300.6
12301
12301.1
12301.2
12301.3
12301.4
12301.5
12302
12303
12304
12305
12306
12307
12307.1
12307.2
12307.3
12307.4
12307.5
12309
12310
12311
12312
12313.5
12314
12314.1
12315
12315.1
12316
12317
12318
12319
12320
12321
12322
12323
12324
12325
12326
12327
12328
12329
12330
12331
12332