§ 602 Attachment Prohibition Licensee Property

• •If a company is in big trouble and might close down, no one can take their stuff to pay off debts.
• •This rule protects the company's things while they try to fix their problems or shut down the right way.
• •It only works for companies that have a special license and are being watched by the government.

A bank is having money problems and might go out of business.

While the bank is trying to fix things or close down, no one can take their computers, buildings, or money to pay back loans. This gives the bank time to sort things out.