Financial Code section 17629

When the commissioner takes possession of the property, business, and assets of a licensee, he may collect all money due to such licensee and give receipt therefor. The commissioner may do such other acts as are necessary or expedient to collect, conserve, or protect the licensee’s business, property, and assets.

Source: Section 17629, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=17629.­ (updated Jan. 1, 1963; accessed Jun. 9, 2025).

Last Updated

Jan. 1, 1963

§ 17629’s source at ca​.gov