Section 676 Of Article 4. Liquidation Of An Uninsured Licensee From California Financial Code >> Division 1. >> Chapter 7. >> Article 4.

. The commissioner from time to time shall deposit all moneys coming into his or her hands in the course of the liquidation of the licensee in one or more state banks or state credit unions and in the event of the suspension or insolvency of the depositary shall be preferred before all other deposits.