Cal. FIN § 623
This is the official text of Cal. FIN § 623, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
The Federal Insurance Agency conservator, liquidator, or receiver shall possess with respect to the insured licensee all the powers, rights, and privileges given the commissioner under this article with respect to the conservation or liquidation of a licensee, as appropriate, and the property and assets of which he or she has taken possession, except insofar as the same may be in conflict with the provisions of applicable federal law.
Status: in_force · Read it on the official government site
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