California Legal Codes and Statutes

§ 17639

Added by Stats. 1963, Ch. 2130.

After the issuance of an order of liquidation under Section 17635, any of the following transactions occurring within four months prior to the application for such order shall be voidable by the commissioner if such transaction has the effect of giving to or enabling any creditor of the licensee to obtain a preference over any other creditor, or to obtain a greater percentage of his debt than any other creditor:

(a)A transfer of property of the licensee.
(b)The creation of a lien upon the property of the licensee.
(c)The suffering of a judgment against such person.

Cite this section

Cal. Fin. Code § 17639 (2026)
https://ca.codecond.com/codes/fin/division-6-escrow-agents/chapter-6-liquidation-and-conservatorship/article-3-liquidation-by-the-commissioner/section-17639

Other sections in Article 3 - Liquidation by the Commissioner

§ 17635§ 17636§ 17637§ 17638§ 17639§ 17640§ 17641§ 17642§ 17643§ 17644§ 17645§ 17646§ 17647§ 17648§ 17649§ 17650§ 17651§ 17652§ 17653§ 17654

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 8, 2026.