Statute · California Financial Code
Cal. Fin. Code § 31601 — Merger and Purchase or Sale of Business
Cal. Fin. Code § 31601
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No licensee shall merge with any other corporation unless:
Citator
Cal. Fin. Code § 31601 — Merger and Purchase or Sale of Business is in force in the current edition of the Code, and nothing recorded condemns it.
No licensee shall merge with any other corporation unless:
(a) In case such licensee is the surviving corporation, such merger shall have first been approved by the commissioner;
(b) In case such licensee is a disappearing corporation, the surviving corporation is a licensee and such merger shall have first been approved by the commissioner.