Section 18415.4.

Cal. Financial Code - FIN § 18415.4.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The commissioner may also, upon the request of the board of directors of a company, take possession of the property and business of a company and as conservator, take such action as the commissioner deems proper.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements