“Change in business organization form” means a change of a business organization’s original form, including, for example, a situation in which a sole proprietorship becomes a partnership or corporation, or when a business organization becomes a nonprofit public benefit corporation or forms a nonprofit public benefit corporation as a subsidiary to provide the educational programs for which the business organization has an approval to operate.
Cal. Educ. Code § 94821
Definitions
Known as the California Private Postsecondary Education Act
The act spans §§ 94800–94950 (183 sections).
Added by Stats. 2009, Ch. 310, Sec. 6
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.