Section 18415.18 Of Article 4. Possession, Conservatorship, And Liquidation By The Commissioner From California Financial Code >> Division 7. >> Chapter 5. >> Article 4.
18415.18
. Upon taking possession of the property, and business of a
company in any proceeding under this article, the commissioner shall
have the power to do all of the following:
(a) Appoint one or more special deputy commissioners as his or her
agent or agents with the powers specified in the certificate of
appointment to assist in the duty of conservation or of liquidation
and distribution.
(b) Employ the Attorney General as counsel or employ private
counsel as may be deemed necessary to assist the commissioner in the
performance of his or her duties under this chapter. Appointment of
private counsel shall be made only with the consent of the Attorney
General. The compensation of that counsel shall be fixed by the
commissioner, subject to the approval of the court.
(c) Set the compensation of a special deputy commissioner.
(d) Require from each special deputy commissioner and from each
assistant such security for the faithful performance of their duties
as the commissioner may deem proper.