California Corporations Code

§ 14701

CORP § 14701 Effective Jun 29, 2024Div. 3 · Title 1 · Part 14

Statute text

(a)The written notice shall be filed with the Attorney General no less than 180 days before the acquisition is made effective. The notice shall be made under oath or affirmation, and shall comply with the requirements of subdivision (c).

(b)If any transaction requiring written notice pursuant to this subdivision commences before the effective date of this section, the written notice shall be given to the Attorney General within 30 days before the transaction is made effective. Upon receiving notice, the Attorney General has 180 days to evaluate the transaction, during which time the effective date of the transaction shall be tolled. If any material change occurs in the facts set forth in the written notice filed with the Attorney General, an amendment setting forth the change and copies of all documents and other material relevant to the change shall be filed with the Attorney General within two business days after the amendment is made by, or provided to, the acquiring party.

(c)The notice required to be given to the Attorney General shall comply with either of the following:

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Legislative history

Amended by Stats. 2024, Ch. 41, Sec. 20. (SB 164) Effective June 29, 2024.