TITLE 4. SECURITIES 25000-31516›DIVISION 3. CAPITAL ACCESS COMPANIES 28000-28958›CHAPTER 9. Merger and Purchase or Sale of Business 28600-28604

§ 28603

California Corporations Code · 2020-11 edition · updated 2026-10-04 · California

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.

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

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California Corporations Code

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