Cal. FIN § 8250
This is the official text of Cal. FIN § 8250, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Official statutory text
(a) If the commissioner finds that any association (1) is in an impaired condition, (2) is engaging in practices that threaten to result in an impaired condition, or (3) is in violation of an order or injunction issued pursuant to this division, the commissioner may appoint a receiver for the association.
(b) The receiver may be the commissioner, deputy commissioner or any other person.
(c) The receiver shall, upon appointment, immediately take possession of the books, records, and assets of every description of the association.
(b) The receiver may be the commissioner, deputy commissioner or any other person.
(c) The receiver shall, upon appointment, immediately take possession of the books, records, and assets of every description of the association.
Status: in_force · Read it on the official government site
Need a lawyer in California?
Find a California lawyer
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.