Section 18425.14 Of Article 4. Possession, Conservatorship, And Liquidation By The Commissioner From California Financial Code >> Division 7. >> Chapter 5. >> Article 4.
18425.14
. When the liquidator has fully liquidated all claims other
than claims of stockholders, made due provision for any and all
known but unclaimed liabilities, excepting claims of stockholders,
and paid all expenses of liquidation, the liquidator may file an
application for an order for the liquidation of a domestic
corporation, or at any time thereafter, the commissioner may apply
for, and the court shall make, an order dissolving the corporation.