Section 18425.5 Of Article 4. Possession, Conservatorship, And Liquidation By The Commissioner From California Financial Code >> Division 7. >> Chapter 5. >> Article 4.
18425.5
. When an investment certificate holder is also a debtor,
the liquidator may offset any balance due the investment certificate
holder against the debt and the interest due on that debt up to the
date of offset, in an amount not to exceed the amount of the debt or
the amount of the thrift obligation guaranteed by the Thrift Guaranty
Corporation of California, whichever is less.