Section 18425.1 Of Article 4. Possession, Conservatorship, And Liquidation By The Commissioner From California Financial Code >> Division 7. >> Chapter 5. >> Article 4.
18425.1
. The liquidator shall cause notice to be given by
publication for four successive weeks in a newspaper of general
circulation at or near the principal place of business in the state
of the company, to all persons having claims against the company,
other than investment certificate holders, whether or not an action
is pending to enforce any claim for demand, requiring them to present
and file their claims and make legal proof thereof at a place and
within a time designated in the notice. The time shall not be less
than 90 days after the first publication of the notice. The notice
shall also state that all claims other than those of investment
certificate holders appearing upon the books or records of the
company and any claims, whether or not an action is pending to
enforce any such claim or demand, shall be forever barred if not
filed within the time designated. The liquidator shall also mail a
similar notice to all persons whose names appear as creditors upon
the books of the company and any person who has an action pending to
enforce a claim or demand whose address appears upon the books or
records of the company and shall enclose therewith a printed form or
notice of claim.