§ 647 Conservator Cost Recovery

Financial Code·California

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Key Takeaways

•If someone is put in charge of a business because it's in trouble, the business has to pay its share of the costs.
•The person in charge (commissioner) decides how much each business pays.
•This rule started in 2012.

Example

A small bank is having money problems, so the government puts a person in charge to fix it.

The bank has to pay part of the costs for the person in charge to do their job.

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

Official Source

View on CA.gov

§ 647 Conservator Cost Recovery

The commissioner may assess and collect from all licensees for whom a conservator is appointed their ratable share of the costs incurred in the administration of this article. (Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

commission license the california administration

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 647.

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Example

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Key Takeaways

Example

Key Terms

Related Statutes

References