LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 5Ch. 3Art. 3§ 14319 Emergency Commissioner Actions

§ 14319 Emergency Commissioner Actions

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

§ 14319 Emergency Commissioner Actions

When a regulator takes control of a company or takes action against a person without giving them advance notice or a hearing, they must immediately give a written notice that explains exactly why they are doing it and what the problem is.

Key Takeaways

  • •A written order must be provided at the same time the regulator takes possession or takes action.
  • •The order must clearly state the specific reasons or conditions that triggered the action.
  • •The regulator must have clear evidence supporting those reasons before acting.

Example

A state regulator seizes a nursing home that has been neglecting residents, without first warning the owners.

At the moment the regulator takes over, they must hand the owners a written order that lists the specific unsafe conditions, such as failure to provide proper medical care, that justify the takeover.

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

Official Source
View on CA.gov

§ 14319 Emergency Commissioner Actions

In any case where the commissioner takes possession of a subject institution pursuant to this article without a prior notice or hearing, or takes action against a subject person without prior notice or hearing, the commissioner shall, upon taking possession or taking the action, concurrently provide to the subject institution or person a written order. The order shall set forth the condition or conditions of the subject institution or action or actions of the subject person that constitute the basis or bases for the commissioner’s action as to the subject institution or subject person. In any case where the commissioner takes possession of a subject institution pursuant to this article, the commissioner shall establish clear evidence upon which he or she is taking action against the subject institution. (Added by Stats. 2002, Ch. 734, Sec. 41. Effective September 20, 2002.)

Last verified: January 11, 2026

Key Terms

commissionersubject institutionsubject personwritten orderclear evidence

Related Statutes

  • § 14305 Emergency Cease And Desist
  • § 14308 Bank Officer Removal Authority
  • § 14310 Emergency Suspension Authority
  • § 14304 Cease And Desist Orders
  • § 14307 Incomplete Financial Records Order

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 14319.
View Official Source