CHAPTER 8. Acquisition of Control [31550. - 31552.]

Chapter 8 added by Stats. 1977, Ch. 1164.

§§ 31550–31552 · 4 sections

• § 31550 No person shall, except with the prior approval of the commissioner, acquire control of a licensee.
• § 31551 If the commissioner finds, with respect to an application for approval to acquire control of a licensee: (a) That the applicant and the directors and officers…
• § 31551.5 (a) For purposes of Section 31551, the commissioner may find: (1) That an applicant or a director or officer of an applicant is not of good character if such…
• § 31552 The commissioner may, by such regulations or orders as he or she deems necessary and appropriate, either unconditionally or upon specified terms and conditions…