California Code, FIN 31601.

California Code, FIN 31601.

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Financial Code - FIN

DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS [31000 - 31952] Â Â ( Division 15 added by Stats. 1977, Ch. 1164. ) Â Â

CHAPTER 9. Merger and Purchase or Sale of Business [31600 - 31605] Â Â ( Chapter 9 added by Stats. 1977, Ch. 1164. )

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