§ 1857
52 words·~1 min read·
/ca/financial-code/1857A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No corporation shall purchase, own, or hold stock or certificates of ownership in any other corporation organized under this article or under the laws of any state which is in substantial competition therewith, or which holds stock or certificates of ownership in corporations which are in substantial competition with the purchasing corporation.