Cal. Ed. Code § 94822

Current through the 2023 Legislative Session.
Section 94822 - [Effective until 1/1/2027] Change in control

"Change in control" means a change in the ownership of an institution in which a person who previously did not own at least 25 percent of the stock or interest in the institution or its parent company acquires ownership of at least 25 percent of the stock or interest in the institution or its parent company. "Change in control" does not include an ownership change between family members involving less than 51 percent of the stock or interest in the institution.

Ca. Educ. Code § 94822

Added by Stats 2009 ch 310 (AB 48),s 6, eff. 1/1/2010.