California · Financial Code

FIN §17652: Upon the payment of a final dividend in liquidation, the commissioner shall prepare and file with the court a full and final statement of the liquidation, including a summary of the receipts and disbu

What this law says, in plain English

Upon final dividend payment in liquidation, the commissioner must prepare and file a complete statement with the court showing all receipts and disbursements.

Read the full statutory text

Upon the payment of a final dividend in liquidation, the commissioner shall prepare and file with the court a full and final statement of the liquidation, including a summary of the receipts and disbursements, and a duplicate of such statement shall be filed in the office of the commissioner. After hearing and approval by the court, the liquidation shall be closed.

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