“Change in ownership” means the acquisition by a person of more than 50 percent of an interest in or stock of a parent company.

(Added by Stats. 2009, Ch. 310, Sec. 6. (AB 48) Effective January 1, 2010. Repealed as of January 1, 2027, pursuant to Section 94950.)

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.