California Corporations Code CHAPTER 9 - Merger and Purchase or Sale of Business

  • Section 28600.
    For purposes of this chapter:(a) “Acquiring licensee” means either of the following:(1) In the case of a merger, the licensee that is the surviving company.(2) In the case...
  • Section 28601.
    No licensee shall merge with any other company unless either of the following apply:(a) If the licensee is to be the surviving company, the merger is...
  • Section 28602.
    No licensee shall purchase all or substantially all of the business of any other person unless the purchase is first approved by the commissioner.(Added by...
  • Section 28603.
    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...
  • Section 28604.
    The commissioner shall approve an application for approval of a merger, purchase, or sale, only if, after notice and a hearing, the commissioner finds all...

Last modified: October 22, 2018