Financial Code section 17349

If Fidelity Corporation is dissolved, subject to the approval of the commissioner, the net assets after settling all liabilities shall be distributed to the members on the basis of the number of each member’s licensed locations compared to the total number of all members’ licensed locations.

Source: Section 17349, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=17349.­ (updated Oct. 2, 1985; accessed Jul. 14, 2025).

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Verified:
Jul. 14, 2025

§ 17349's source at ca​.gov