Cal. Fin. Code § 31603

Current through the 2023 Legislative Session.

Section 31603 - Approval of sale of business required

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 shall have first been approved by the commissioner.

Ca. Fin. Code § 31603

Amended by Stats. 1996, Ch. 1064, Sec. 675. Effective January 1, 1997. Operative July 1, 1997.