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Statutes » California » Financial Code » Division 1

Cal. FIN § 603

This is the official text of Cal. FIN § 603, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.

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Official statutory text

Upon taking possession of the property and business of any licensee pursuant to Section 592, the commissioner may proceed to liquidate or conserve the licensee in the manner provided by this article.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.