GroundRules
FIN § 18415.21
Where this section sits in the code
- Financial Code - FIN
- DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]
- CHAPTER 5. Administration and Powers of the Commissioner [18339. - 18427.11.]
- ARTICLE 4. Possession, Conservatorship, and Liquidation by the Commissioner [18415. - 18425.17.]
Any transaction occurring within six months of the date of taking possession shall be voidable by the conservator or liquidator if the transaction has the effect of giving to, or enabling any creditor of, the company, any affiliate of the company, any officer, director, stockholder, employee or any relative thereof, to obtain a preference over any other creditor of the company.
Collected 2026-09-14T05:56:33Z. Source file · JSON