Financial Code section 31603

No licensee shall sell all or substantially all of its business to any other person unless such other person is a licensee and such sale shall have first been approved by the commissioner.

Source: Section 31603, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=31603. (updated Jan. 1, 1997; accessed Jun. 24, 2026).

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Verified:
Jun. 24, 2026

§ 31603's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_31603

Original Source: Section 31603, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=31603. (last accessed May 12, 2025).