California Financial Code

§ 31601

FIN § 31601 Effective Jan 1, 1997Div. 15 · Ch. 9

Statute text

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.

Legislative history

Amended by Stats. 1996, Ch. 1064, Sec. 673. Effective January 1, 1997. Operative July 1, 1997.