Fin. Code, § 31602 · Chapter 9. Merger and Purchase or Sale of Business

Fin. Code, § 31602

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 purchase all or substantially all of the business of any other person unless such purchase shall have first been approved by the commissioner.

Notes and commentary — not statutory text

History

Amended by Stats. 1996, Ch. 1064, Sec. 674. Effective January 1, 1997. Operative July 1, 1997.

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=FIN&sectionNum=31602.
Text hash: sha256 51f7d0f04d5094b837d2c0351c3dbf6522ba744abba74fb442809192a8411258
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.