California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS |
Chapter 9. Merger and Purchase or Sale of Business |
Section 31603.
Latest version.
-
No licensee shall sell all or substantially all of its business to any other person unless such other person is a licensee and such sale shall have first been approved by the commissioner.
(Amended by Stats. 1996, Ch. 1064, Sec. 675. Effective January 1, 1997. Operative July 1, 1997.)