Section 17633 Of Article 2. Conservatorship From California Financial Code >> Division 6. >> Chapter 6. >> Article 2.
17633
. A conservator, while in possession of the property, business
and assets of a licensee, may call, upon the notice required by the
licensee's bylaws, a meeting of the investors of the licensee who are
entitled to vote, for any purpose, including without limitation the
election of a board of directors, and upon the holding of a meeting
for such purpose the terms of office of all directors shall expire,
or may call, upon the notice required by the licensee's bylaws, a
meeting of the board of directors for any purpose, including without
limitation the filling of vacancies on the board of directors or the
removal and election or the removal or election of officers. Each
such meeting shall be supervised by the conservator.