Section 679 Of Article 4. Liquidation Of An Uninsured Licensee From California Financial Code >> Division 1. >> Chapter 7. >> Article 4.
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. The commissioner shall cause notice to be given by
advertisement in any newspapers of general circulation as he or she
may select weekly for three consecutive months, calling on all
persons who have claims against the licensee to present the same to
the commissioner and make legal proof thereof at a place to be
specified therein and within four months of the date of the first
publication of the notice, which date shall be specified in the
notice. The notice shall also state that all claims other than those
of customers appearing upon the books or records of the licensee
shall be forever barred if not filed within the four months' period
and that all claims of customers appearing upon the books or records
of the licensee will be forever barred, except as herein provided, if
not filed prior to the filing of a petition for a final dividend.
The commissioner shall also mail a similar notice to all persons,
including customers whose names appear as creditors upon the books of
the licensee and whose addresses appear upon the books or records of
the licensee, and shall enclose therewith a printed form of notice
of claim.