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HomeFinancial CodeDiv. 9Ch. 4Art. 1§ 22702 Commissioner Seizure Of Business Records

§ 22702 Commissioner Seizure Of Business Records

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

§ 22702 Commissioner Seizure Of Business Records

Key Takeaways

  • •The commissioner can take and hold business records for up to 30 days during an investigation.
  • •The commissioner can put someone in charge of these records to keep them safe.
  • •No one is allowed to take or move these records without the commissioner's permission or a court order.

Example

A small business owner is being investigated for not paying taxes correctly.

The commissioner can take all the business's financial records and receipts for up to 30 days. The owner cannot take back or move any of these records unless the commissioner says it's okay or a judge orders it.

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

Official Source
View on CA.gov

§ 22702 Commissioner Seizure Of Business Records

In making any examination or investigation, the commissioner may, for a reasonable time not to exceed 30 days, take possession of the books, records, accounts, and other papers pertaining to the business. The commissioner may place a keeper in exclusive charge and custody of the books, records, accounts, and other papers in the office or place where they are usually kept. During possession, no person shall remove or attempt to remove any of the books, accounts, papers, records, files, safes, and vaults, or any part thereof, except in compliance with a court order or written consent of the commissioner. (Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.)

Last verified: January 23, 2026

Key Terms

commissionerexamination or investigationbooks, records, accounts, and other paperskeepercourt order or written consent

Related Statutes

  • § 12307 Witness Testimony Requirements
  • § 14404 Credit Union Investment Limits
  • § 14407 Credit Union Shareholder Loss Reduction
  • § 14408 Credit Union Gift Limits
  • § 14409 Credit Union Bond Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 22702.
View Official Source