California § 620 - If the licensee whose property and business has been taken pursuant to Section 59
Full text of California Public Contract Code - PCC § 620 — If the licensee whose property and business has been taken pursuant to Section 59, with citation guidance and answers to common questions.
§ 620. If the licensee whose property and business has been taken pursuant to Section 59
If the licensee whose property and business has been taken pursuant to Section 592 is insured by a Federal Insurance Agency, the commissioner may tender to the appropriate Federal Insurance Agency an appointment as conservator, liquidator, or receiver of the licensee. The commissioner shall determine whether the licensee whose property and business has been taken shall be liquidated or conserved. If the Federal Insurance Agency accepts the appointment, the Federal Insurance Agency shall have, in addition to any powers conferred by applicable federal law, the powers conferred on the commissioner pursuant to this chapter.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 620
What does Public Contract Code - PCC § 620 cover?
Section 620 ("If the licensee whose property and business has been taken pursuant to Section 59") 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 § 620?
A common citation format is "Public Contract Code - PCC § 620" (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 § 620 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.