California Legal Codes and Statutes

§ 643

Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.

While any licensee is in the hands of a conservator, the commissioner may require the conservator to set aside and make available for withdrawal by customers and for payment to other creditors on a ratable basis such amounts as in the opinion of the commissioner may safely be used for that purpose.

Cite this section

Cal. Fin. Code § 643 (2026)
https://ca.codecond.com/codes/fin/division-1-financial-institutions/chapter-7-liquidation-and-conservation/article-3-conservatorship-of-an-uninsured-licensee/section-643

Other sections in Article 3 - Conservatorship of an Uninsured Licensee

§ 640§ 641§ 642§ 643§ 644§ 645§ 646§ 647§ 648§ 649§ 650§ 651§ 652

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