Section 593 Of Article 5. Suspension Or Possession Of A License From California Financial Code >> Division 1. >> Chapter 6. >> Article 5.
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. (a) If the commissioner takes possession of the property and
business of a licensee pursuant to Section 592, the licensee may,
within 10 days, apply to the superior court in the county where its
head office is located to enjoin further proceedings. The court may,
after citing the commissioner to show cause why further proceedings
should not be enjoined and after a hearing, dismiss the application
or enjoin the commissioner from further proceedings and order the
commissioner to surrender the property and business of the licensee
to the licensee or make any further order as may be just. The
judgment of the court may be appealed by the commissioner or by the
licensee as allowed by law.
(b) At any time after the commissioner takes possession of the
property and business of a licensee pursuant to Section 592, the
licensee may, with the approval of the commissioner, resume business
upon conditions as the commissioner may prescribe.