Section 18415.11 Of Article 4. Possession, Conservatorship, And Liquidation By The Commissioner From California Financial Code >> Division 7. >> Chapter 5. >> Article 4.
18415.11
. Upon taking possession of the property and business of
any company, the commissioner has authority and the duty to collect
all moneys due to the company and to do such other acts as are
necessary or expedient to collect, conserve, or protect its assets,
property and business. The commissioner shall also proceed to
conserve or liquidate the affairs thereof as provided in this
chapter.