Corporations Code § 28603

CHAPTER 9. Merger and Purchase or Sale of Business

Current as of September 28, 2026Corp. Code, § 28603Official source ↗

Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.

No licensee shall sell all or substantially all of its business to any other person unless the other person is a licensee and the sale is first approved by the commissioner.