§ 17634 Terminating Conservatorship

Financial Code·California

AI SummaryVerified

This law says that if a company is being watched over by someone else because it was in trouble, the person in charge can let the company go back to running itself if it's safe and good for everyone.

Key Takeaways

•A company in trouble can get its control back if it improves.
•The person in charge decides if it's safe for the company to run itself again.
•Even after getting control back, the company might have to follow some rules.

Example

A bank was having money problems, so the government put someone in charge to fix it.

If the bank gets better and the person in charge thinks it's safe, they can let the bank's own leaders take over again, but with some rules to follow.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 17634 Terminating Conservatorship

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. (Added by Stats. 1963, Ch. 2130.)

Last verified: January 11, 2026

Key Terms

conservatorship licensee board of directors public interest

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 17634.

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Key Takeaways

Example

Key Terms

Related Statutes

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