BlackletterCalifornia law

Financial Code § 31602

CHAPTER 9. Merger and Purchase or Sale of Business

Current as of September 28, 2026Fin. Code, § 31602Official source ↗

Amended by Stats. 1996, Ch. 1064, Sec. 674. Effective January 1, 1997. Operative July 1, 1997.

No licensee shall purchase all or substantially all of the business of any other person unless such purchase shall have first been approved by the commissioner.