Cal. CORP § 5915
This is the official text of Cal. CORP § 5915, part of California’s Corporations Code — governs the formation and operation of corporations, LLCs, and partnerships, and regulates securities.
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Official statutory text
Within 90 days of the receipt of the written notice required by Section 5914, the Attorney General shall notify the public benefit corporation in writing of the decision to consent to, give conditional consent to, or not consent to the agreement or transaction. The Attorney General may extend this period for one additional 45-day period if any of the following conditions are satisfied:
(a) The extension is necessary to obtain information pursuant to subdivision (a) of Section 5919.
(b) The proposed agreement or transaction is substantially modified after the first public meeting conducted by the Attorney General in accordance with Section 5916.
(c) The proposed agreement or transaction involves a multifacility health system serving multiple communities, rather than a single facility.
(a) The extension is necessary to obtain information pursuant to subdivision (a) of Section 5919.
(b) The proposed agreement or transaction is substantially modified after the first public meeting conducted by the Attorney General in accordance with Section 5916.
(c) The proposed agreement or transaction involves a multifacility health system serving multiple communities, rather than a single facility.
Status: in_force · Read it on the official government site
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