Subdivision (b) of Section 17710.12 shall not apply to any transaction if the commissioner has approved the terms and conditions of the transaction and the fairness of such terms and conditions pursuant to Section 25142.
Cal. Corp. Code § 17710.13
Merger and Conversion
Known as the California Revised Uniform Limited Liability Company Act
The act spans §§ 17701–17713 (112 sections).
Added by Stats. 2012, Ch. 419, Sec. 20
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.