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

• Section 31600.
  In this chapter:(a) “Acquiring licensee” means:(1) In the case of a merger, the licensee which is the surviving corporation; (2) In the case of a purchase or sale,...
• Section 31601.
  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...
• Section 31602.
  No licensee shall purchase all or substantially all of the business of any other person unless such purchase shall have first been approved by the...
• Section 31603.
  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...
• Section 31604.
  If the commissioner finds, with respect to an application for approval of a merger, purchase, or sale:(a) That the merger, purchase, or sale will be safe...
• Section 31605.
  The commissioner may, by such regulations or orders as he or she deems necessary and appropriate, either unconditionally or upon specified terms and conditions or...

Last modified: October 22, 2018