Financial Code section 31601

No licensee shall merge with any other corporation unless:

(a)

In case such licensee is the surviving corporation, such merger shall have first been approved by the commissioner;

(b)

In case such licensee is a disappearing corporation, the surviving corporation is a licensee and such merger shall have first been approved by the commissioner.

Source: Section 31601, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=31601.­ (updated Jan. 1, 1997; accessed Jun. 24, 2026).

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Verified:
Jun. 24, 2026

§ 31601's source at ca​.gov