A corporation must give written notice to the Attorney General 20 days before it sells, leases, conveys, exchanges, transfers or otherwise disposes of all or substantially all of its assets unless the Attorney General has given the corporation a written waiver of this section as to the proposed transaction.
Cal. Corp. Code § 9633
Sale of Assets
Known as the Nonprofit Religious Corporation Law
The act spans §§ 9110–9690 (87 sections).
Added by Stats. 1979, Ch. 724.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.