California § 28604 - The commissioner shall approve an application for approval of a merger, purchase,
Full text of California Public Contract Code - PCC § 28604 — The commissioner shall approve an application for approval of a merger, purchase,, with citation guidance and answers to common questions.
§ 28604. The commissioner shall approve an application for approval of a merger, purchase,
The commissioner shall approve an application for approval of a merger, purchase, or sale, only if, after notice and a hearing, the commissioner finds all of the following: (a) That the merger, purchase, or sale will be safe and sound with respect to the acquiring licensee. (b) That it is reasonable to believe that, upon consummation of the merger, purchase, or sale, the acquiring licensee will comply with all applicable provisions of this division and of any regulation or order issued under this division. (c) That the merger, purchase, or sale will not be detrimental to the licensee or the accredited investors of the licensee, or the public convenience and advantage, or, if the merger, purchase, or sale would be detrimental to any of the foregoing, then it is necessary in the interests of the safety and soundness of any of the parties to it.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 28604
What does Public Contract Code - PCC § 28604 cover?
Section 28604 ("The commissioner shall approve an application for approval of a merger, purchase,") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 28604?
A common citation format is "Public Contract Code - PCC § 28604" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 28604 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.