Financial Code § 31603

CHAPTER 9. Merger and Purchase or Sale of Business

Current as of September 28, 2026Fin. Code, § 31603Official source ↗

Amended by Stats. 1996, Ch. 1064, Sec. 675. Effective January 1, 1997. Operative July 1, 1997.

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