Section 17639 Of Article 3. Liquidation By The Commissioner From California Financial Code >> Division 6. >> Chapter 6. >> Article 3.
17639
. After the issuance of an order of liquidation under Section
17635, any of the following transactions occurring within four months
prior to the application for such order shall be voidable by the
commissioner if such transaction has the effect of giving to or
enabling any creditor of the licensee to obtain a preference over any
other creditor, or to obtain a greater percentage of his debt than
any other creditor:
(a) A transfer of property of the licensee.
(b) The creation of a lien upon the property of the licensee.
(c) The suffering of a judgment against such person.