Section 18415.17 Of Article 4. Possession, Conservatorship, And Liquidation By The Commissioner From California Financial Code >> Division 7. >> Chapter 5. >> Article 4.
18415.17
. The determination by the commissioner to liquidate a
company, evidenced by filing written notice of the determination with
the court, operates to stay or dissolve all actions or attachments
instituted or levied within 90 days next preceding the taking of
possession of the company by the commissioner, and pending the
process of liquidation, no attachment or execution shall be levied or
lien created upon any of the property of the company.