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Section 31601 Of Chapter 9. Merger And Purchase Or Sale Of Business From California Financial Code >> Division 15. >> Chapter 9.
31601
. 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.
(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.
