California Financial Code 31602 – 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 such purchase shall have first been approved by the commissioner.
(Amended by Stats. 1996, Ch. 1064, Sec. 674. Effective January 1, 1997. Operative July 1, 1997.)
Terms Used In California Financial Code 31602
- Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18