Section 18425.2 Of Article 4. Possession, Conservatorship, And Liquidation By The Commissioner From California Financial Code >> Division 7. >> Chapter 5. >> Article 4.
18425.2
. All claims, demands, or causes of action of creditors, and
persons other than investors against any property owned or held by
it in trust, or otherwise, must be presented to the liquidator in
writing, verified by the claimant, or someone on his or her behalf,
within the period specified in the notice for the presentation of
claims, whether or not an action is pending to enforce any such claim
or demand. The liquidator shall not approve any claim not so
presented, and any such claim, demand, or cause of action not so
presented is forever barred.