Financial Code section 15259

At any time during the liquidation process, the committee or the liquidating agent in charge of liquidation may be relieved of their duties at the discretion of the commissioner and the commissioner shall thereafter act as the liquidating agent or appoint a liquidating agent to complete the dissolution of the credit union.

Source: Section 15259, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=15259.­ (updated Jan. 1, 1979; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 15259's source at ca​.gov