Ca_Law

statute | California

Financial Code - FIN - FIN § 18425.12

  • UIDca_leginfo_codes:fin-18425-12
  • CitationFinancial Code - FIN - FIN § 18425.12
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

If it appears improbable that anything can be realized from any property of the company and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the liquidator to abandon the property.

Text

If it appears improbable that anything can be realized from any property of the company and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the liquidator to abandon the property.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 18425.12

    If it appears improbable that anything can be realized from any property of the company and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the liquidator to abandon the property.