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Cal. Fin. Code § 31600

Merger and Purchase or Sale of Business

Known as the Business and Industrial Development Corporations Law

The act spans §§ 31000–31952 (132 sections).

Added by Stats. 1977, Ch. 1164.

In this chapter:

(a) “Acquiring licensee” means:

(1) In the case of a merger, the licensee which is the surviving corporation;

(2) In the case of a purchase or sale, the licensee which is the purchaser.

(b) “Disappearing corporation” has the meaning set forth in Section 165 of the Corporations Code.

(c) “Surviving corporation” has the meaning set forth in Section 190 of the Corporations Code.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.