You are here: California / Business and Professions Code - BPC / ARTICLE 6. Real Property Securities Dealers [10237. - 10238.8.] / Section 10238.8.

Section 10238.8. (Added by Stats. 1996, Ch. 592, Sec. 5.)
Cite as: Cal. Bus. & Prof. Code §10238.8.

(a)This article shall remain operative as long as a conservatorship or liquidation proceeding pursuant to Article 6.5 (commencing with Section 10239) of Chapter 3 of Division 4, that was commenced prior to the effective date of the act enacting this section, remains active.

(b)Notwithstanding any other provision of this article, no conservatorship or liquidation proceeding shall be commenced on or after the effective date of the act enacting this section.

(c)The commissioner shall determine when the last pending proceeding described in subdivision (a) is terminated. The commissioner shall submit a notice of that determination to the Secretary of State, and this article shall be repealed upon the receipt of that notice by the Secretary of State.

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