California § 18415.1 - Whenever the commissioner has taken possession of the property and business of an
Full text of California Public Contract Code - PCC § 18415.1 — Whenever the commissioner has taken possession of the property and business of an, with citation guidance and answers to common questions.
§ 18415.1. Whenever the commissioner has taken possession of the property and business of an
Whenever the commissioner has taken possession of the property and business of an industrial loan company, that industrial loan company, within 10 days after the taking, if it deems itself aggrieved thereby, may apply to the superior court in the county in which the head office of the industrial loan company is located to enjoin further proceedings. The commissioner may exercise all powers granted by this article during the 10-day period after taking possession of the property and business of the industrial loan company. The court, after citing the commissioner to show cause why further proceedings should not be enjoined and after a hearing and a determination of the facts upon the merits may dismiss the application or enjoin the commissioner from further proceedings and direct the commissioner to surrender the property and business to the industrial loan company, or make such further order as may be just.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18415.1
What does Public Contract Code - PCC § 18415.1 cover?
Section 18415.1 ("Whenever the commissioner has taken possession of the property and business of an") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 18415.1?
A common citation format is "Public Contract Code - PCC § 18415.1" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 18415.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.