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HomeFinancial CodeDiv. 7Ch. 7Art. 2§ 18503 Guaranty Corporation Investigations

§ 18503 Guaranty Corporation Investigations

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 18503 Guaranty Corporation Investigations

Key Takeaways

  • •The commissioner and their team can check Guaranty Corporation's records anytime.
  • •They can look at books, accounts, files, and even safes.
  • •Guaranty Corporation must let them in and show everything they ask for.

Example

Imagine the commissioner wants to check if Guaranty Corporation is doing everything right with people's money.

The commissioner can walk into their office, ask to see all their records, and even open their safes to make sure everything is okay. Guaranty Corporation can't say no.

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

Official Source
View on CA.gov

§ 18503 Guaranty Corporation Investigations

The commissioner and the commissioner’s duly designated representatives may at any time investigate the affairs and examine the books, accounts, records and files used by Guaranty Corporation. The commissioner and the commissioner’s duly designated representatives shall have free access to the offices, books, accounts, papers, records, files, safes, and vaults of Guaranty Corporation. (Amended by Stats. 1985, Ch. 142, Sec. 19. Effective July 1, 1985.)

Last verified: January 23, 2026

Key Terms

commissionerGuaranty Corporationinvestigateexaminefree access

Related Statutes

  • § 18493 Commissioner Enforcement Against Guaranty Corporat
  • § 18494 Corporation Possession Court Challenge
  • § 18495 Appeals From Court Judgments
  • § 18497 Guaranty Corporation Investment Rules
  • § 18501 Commissioner Notice To Guaranty

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18503.
View Official Source