{"code":"CORP","codeName":"Corporations Code","section":"28602","citation":"Corp. Code, § 28602","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 4. SECURITIES [25000. - 31528.]","url":"https://blackletter.si/corporations-code/title-4"},{"name":"DIVISION 3. CAPITAL ACCESS COMPANIES [28000. - 28958.]","url":"https://blackletter.si/corporations-code/title-4/division-3"},{"name":"CHAPTER 9. Merger and Purchase or Sale of Business [28600. - 28604.]","url":"https://blackletter.si/corporations-code/title-4/division-3/chapter-9"}],"history":"Added by Stats. 1998, Ch. 668, Sec. 3.   Effective January 1, 1999.   Operative July 1, 1999, by Sec. 4 of Ch. 668.","effective":"1999-01-01","html":"<p>No licensee shall purchase all or substantially all of the business of any other person unless the purchase is first approved by the commissioner.</p>","text":"No licensee shall purchase all or substantially all of the business of any other person unless the purchase is first approved by the commissioner.","otherVersions":[],"url":"https://blackletter.si/corporations-code/merger-and-purchase-or-sale-of-business-28602","source":"California Legislative Information bulk export (pubinfo)"}