Section 18425.12.

CA Fin Code § 18425.12 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

If it appears improbable that anything can be realized from any property of the company and that the cost of maintaining, preserving, or protecting the property would probably be lost, the court may direct the liquidator to abandon the property.

(Added by Stats. 1985, Ch. 140, Sec. 1. Effective July 1, 1985.)