California Corporations Code 28602 – No licensee shall purchase all or substantially all of the business …
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No licensee shall purchase all or substantially all of the business of any other person unless the purchase is first approved by the commissioner.
(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)
Terms Used In California Corporations Code 28602
- Person: includes a corporation as well as a natural person. See California Corporations Code 18