When the commissioner determines to liquidate a licensee, he shall cause an inventory of all the assets of the licensee to be made in duplicate, file the original with the court, and file the duplicate in his office.

(Added by Stats. 1963, Ch. 2130.)

Terms Used In California Financial Code 17642

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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