No licensee shall sell all or substantially all of its business to any other person unless the other person is a licensee and the sale is first approved by the commissioner.
Cal. Corp. Code § 28603
Merger and Purchase or Sale of Business
Known as the Capital Access Company Law
The act spans §§ 28000–28958 (104 sections).
Added by Stats. 1998, Ch. 668, Sec. 3
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.