Section 28602

Corp. Code § 28602, under Merger and Purchase or Sale of Business.

Corp. Code § 28602

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.)