California · Financial Code
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 d
What this law says, in plain English
A court may take action regarding company property when recovery appears unlikely and maintenance costs would likely be wasted.
Read the full statutory 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.
Verify at the official source: California legislative text
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