Section 18425 Of Article 4. Possession, Conservatorship, And Liquidation By The Commissioner From California Financial Code >> Division 7. >> Chapter 5. >> Article 4.
18425
. If at any time after taking possession of the property and
business of a company it shall appear to the commissioner that it
would be futile to proceed as conservator with the conduct of the
business of the company, the commissioner may order the company to be
liquidated. A copy of the liquidation order shall be filed with the
clerk of the superior court.