DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS 31000-31952›CHAPTER 9. Merger and Purchase or Sale of Business 31600-31605
§ 31601
California Financial Code · 2018-11 edition · updated 2026-10-04 · California
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.
(Amended by Stats. 1996, Ch. 1064, Sec. 673. Effective January 1, 1997. Operative July 1, 1997.)
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