California Financial Code

§ 31604

FIN § 31604 Effective Jan 1, 1997Div. 15 · Ch. 9

Statute text

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 and sound with respect to the acquiring licensee;

(b)That it is reasonable to believe that, upon consummation of the merger, purchase, or sale, the acquiring licensee will comply with all applicable provisions of this division and of any regulation or order issued under this division; and

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Legislative history

Amended by Stats. 1996, Ch. 1064, Sec. 676. Effective January 1, 1997. Operative July 1, 1997.