§ 17629
50 words·~1 min read·
/ca/financial-code/17629A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.