Corp. Code, § 28601 · Chapter 9. Merger and Purchase or Sale of Business
Corp. Code, § 28601
Verbatim from the official edition
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
No licensee shall merge with any other company unless either of the following apply:
(a) If the licensee is to be the surviving company, the merger is first approved by the commissioner.
(b) If the licensee is to be a disappearing company, the surviving company is a licensee and the merger is first approved by the commissioner.
Notes and commentary — not statutory text
History
Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=28601.
- Text hash
- sha256 beca55ec6e57131bfb9fdeb4abb9e025e9dd46e57d8426df34abf97734b16eeb
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.