California Legal Codes and Statutes

§ 31603

Amended by Stats. 1996, Ch. 1064, Sec. 675. Effective January 1, 1997. Operative July 1, 1997.

No licensee shall sell all or substantially all of its business to any other person unless such other person is a licensee and such sale shall have first been approved by the commissioner.

Cite this section

Cal. Fin. Code § 31603 (2026)
https://ca.codecond.com/codes/fin/division-15-business-and-industrial-development-corporations/chapter-9-merger-and-purchase-or-sale-of-business/section-31603

Other sections in Chapter 9 - Merger and Purchase or Sale of Business

§ 31600§ 31601§ 31602§ 31603§ 31604§ 31605

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