Section 674 Of Article 4. Liquidation Of An Uninsured Licensee From California Financial Code >> Division 1. >> Chapter 7. >> Article 4.
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. The commissioner, in his or her own name or in the name of the
licensee, may execute, acknowledge, and deliver any and all
conveyances and other instruments necessary or appropriate to
effectuate the sale of any real or personal property or to effectuate
any other transaction in connection with the liquidation of a
licensee or the distribution of its assets. Any conveyance or other
instrument executed by the commissioner pursuant to this authority
shall be valid and effectual for all purposes as though the same had
been executed by the officers of the licensee by authority of its
board of directors. Whenever the commissioner sells any real property
of the licensee a certified copy of the order of the court approving
the sale shall be recorded in the county in which any part of the
real property is located.