§ 17626 Licensee Asset Transfer Requirements

• •If the government takes over a company, the company must list all its property and money.
• •The government can ask the company’s leaders and workers questions to make sure everything is given to them.
• •This is to make sure nothing is hidden or kept from the government.

Imagine a bank is in trouble, and the government steps in to take control. The bank must give the government a list of all its money, buildings, and customer funds it's holding.

The bank's boss and other workers have to tell the government everything they own and where all the money is. If they don’t, the government can ask them questions under oath to make sure nothing is hidden.