Section 607 Of Article 1. General Provisions From California Financial Code >> Division 1. >> Chapter 7. >> Article 1.
607
. (a) If the commissioner retains possession of the assets of
the licensee for the purpose of liquidation or conservation, the
commissioner shall, to the extent possible, use the services of civil
service employees of the commissioner's office, and the attorneys
employed by the commissioner or the Department of Justice shall
render all necessary legal services, as the commissioner may request.
(b) The commissioner, from time to time, under his or her official
seal, may appoint one or more special deputy commissioners as his or
her agent or agents with the powers specified in the certificate of
appointment to assist him or her in the duties of conservation or of
liquidation and distribution. The certificate of appointment shall be
filed in the office of the commissioner and a certified copy in the
office of the clerk of the county in which the head office of the
licensee is located. The commissioner may employ counsel and procure
expert assistance and advice as may be necessary in the liquidation
and distribution of the assets of the licensee and for that purpose
may retain any of the officers or employees of the licensee as the
commissioner may deem necessary.