California Financial Code

§ 31551

FIN § 31551 Effective Jan 1, 1997Div. 15 · Ch. 8

Statute text

If the commissioner finds, with respect to an application for approval to acquire control of a licensee:

(a)That the applicant and the directors and officers of the applicant are of good character and sound financial standing;

(b)That it is reasonable to believe that, if the applicant acquires control of the licensee, the applicant will comply with all applicable provisions of this division and of any regulation or order issued under this division; and

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Legislative history

Amended by Stats. 1996, Ch. 1064, Sec. 670. Effective January 1, 1997. Operative July 1, 1997.