California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 7. INDUSTRIAL LOAN COMPANIES |
Chapter 7. Guarantee of Thrift Accounts |
ARTICLE 2. General |
Section 18501.
Latest version.
-
The commissioner shall give prompt notice to Guaranty Corporation when the commissioner takes possession of the property and business of a member and shall give further prompt notice when the commissioner determines to liquidate the property and business of a member.
(Added by Stats. 1976, Ch. 964.)