California · Financial Code

FIN §17634: If the commissioner becomes satisfied that it may be done safely and in the public interest, he may terminate the conservatorship and permit the licensee for which a conservator was appointed to resum

What this law says, in plain English

A commissioner may end a conservatorship and allow a licensee to resume operations if satisfied it can be done safely and in the public interest.

Read the full statutory text

If the commissioner becomes satisfied that it may be done safely and in the public interest, he may terminate the conservatorship and permit the licensee for which a conservator was appointed to resume its business under direction of its board of directors, subject to such terms, conditions, restrictions and limitations as he may prescribe.

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