Corporations Code section 28601

No licensee shall merge with any other company unless either of the following apply:

(a)

If the licensee is to be the surviving company, the merger is first approved by the commissioner.

(b)

If the licensee is to be a disappearing company, the surviving company is a licensee and the merger is first approved by the commissioner.

Source: Section 28601, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CORP§ionNum=28601.­ (updated Jan. 1, 1999; accessed Jul. 28, 2025).

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Verified:
Jul. 28, 2025

§ 28601's source at ca​.gov