§ 31601
54 words·~1 min read·
/ca/financial-code/31601A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No licensee shall merge with any other corporation unless:
(a)In case such licensee is the surviving corporation, such merger shall have first been approved by the commissioner;
(b)In case such licensee is a disappearing corporation, the surviving corporation is a licensee and such merger shall have first been approved by the commissioner.