California § 18420.5 - The commissioner may appoint a person to act as conservator or liquidator of the
Full text of California Public Contract Code - PCC § 18420.5 — The commissioner may appoint a person to act as conservator or liquidator of the, with citation guidance and answers to common questions.
§ 18420.5. The commissioner may appoint a person to act as conservator or liquidator of the
The commissioner may appoint a person to act as conservator or liquidator of the company. The person appointed may be Thrift Guaranty Corporation of California. If the companyâs outstanding thrift obligations are insured by an instrumentality of the United States government, the commissioner may appoint that instrumentality to act as conservator or liquidator of the company. Subject to the other provisions of this division, a conservator or liquidator, while in possession of the property and business of a company, has the same powers and rights and is subject to the same duties and obligations as the commissioner while in possession of the property and business of a company. During such time, the rights of the company and of all persons with respect thereto, subject to the other provisions of this chapter, are the same as if the commissioner had taken possession of such properties and business, except that the commissioner may limit those powers and rights as he or she may deem necessary.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18420.5
What does Public Contract Code - PCC § 18420.5 cover?
Section 18420.5 ("The commissioner may appoint a person to act as conservator or liquidator of the") 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 § 18420.5?
A common citation format is "Public Contract Code - PCC § 18420.5" (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 § 18420.5 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.