{"code":"FIN","codeName":"Financial Code","section":"31601","citation":"Fin. Code, § 31601","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS [31000. - 31952.]","url":"https://blackletter.si/financial-code/division-15"},{"name":"CHAPTER 9. Merger and Purchase or Sale of Business [31600. - 31605.]","url":"https://blackletter.si/financial-code/division-15/chapter-9"}],"history":"Amended by Stats. 1996, Ch. 1064, Sec. 673.   Effective January 1, 1997.   Operative July 1, 1997.","effective":"1997-01-01","html":"<p>No licensee shall merge with any other corporation unless:</p><p>(a) In case such licensee is the surviving corporation, such merger shall have first been approved by the commissioner;</p><p>(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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/financial-code/merger-and-purchase-or-sale-of-business-31601","source":"California Legislative Information bulk export (pubinfo)"}