BlackletterCalifornia law

Financial Code § 31601

CHAPTER 9. Merger and Purchase or Sale of Business

Current as of September 28, 2026Fin. Code, § 31601Official source ↗

Amended by Stats. 1996, Ch. 1064, Sec. 673. Effective January 1, 1997. Operative July 1, 1997.

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.