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§ 18425.12 — California Law | CourtGPT
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  5. Division 7 - Industrial Loan Companies/
  6. Chapter 5 - Administration and Powers of the Commissioner/
  7. Article 4 - Possession, Conservatorship, and Liquidation by the Commissioner/
  8. § 18425.12
California Legal Code

§ 18425.12

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18425.12. If it appears improbable that anything can be realized from any property of the company and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the liquidator to abandon the property.(Added by Stats. 1985, Ch. 140, Sec. 1. Effective July 1, 1985.)