California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 4 — Attorneys, Article 1 — General Provisions, Section 6008.3
The State Bar may vest in any obligee or trustee the right, in the event of default upon any obligation of the State Bar, to take possession of property of the State Bar, cause the appointment of a receiver for such property, acquire title thereto through foreclosure proceedings, and exercise such other rights and remedies as may be mutually agreed upon between the State Bar and the holder or proposed holder of any such obligation.
Notes
Allows the State Bar to give an obligee or trustee specified remedies if the Bar defaults on an obligation, including possession of State Bar property, appointment of a receiver, acquisition of title through foreclosure, and other mutually agreed rights and remedies. The authority depends on default and the terms agreed with the obligation holder or proposed holder.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 6008.3 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-4/article-1/section-6008-3