§ 620 If the licensee whose property and business has been taken pursuant …
§ 621 The Federal Insurance Agency may be, and act as, a conservator, …
§ 622 If the Federal Insurance Agency accepts the appointment in accordance …
§ 623 The Federal Insurance Agency conservator, liquidator, or receiver …
§ 624 (a) The commissioner may sell to any other licensee any part or …

Terms Used In California Codes > Financial Code > Division 1 > Chapter 7 > Article 2 - Conservation or Liquidation of an Insured Licensee

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • established name: means either of the following:

    California Health and Safety Code 111225

  • Fiduciary: A trustee, executor, or administrator.
  • Trustee: A person or institution holding and administering property in trust.