California Statutes
§ 94822. — 94822. (Added by Stats. 2009, Ch. 310, Sec. 6.)
California·Code EDC Education Code - EDC·Div. 10.·Title 3. DIVISION 10. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS·Part 59. PART 59. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS·Ch. 8. CHAPTER 8. Private Postsecondary Institutions·Art. 3. ARTICLE 3. Definitions
“Change in control” means a change in the ownership of an institution in which a person who previously did not own at least 25 percent of the stock or interest in the institution or its parent company acquires ownership of at least 25 percent of the stock or interest in the institution or its parent company. “Change in control” does not include an ownership change between family members involving less than 51 percent of the stock or interest in the institution.
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California § 94822. (94822. (Added by Stats. 2009, Ch. 310, Sec. 6.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2009, Ch. 310, Sec. 6. (AB 48) Effective January 1, 2010. Repealed as of January 1, 2027, pursuant to Section 94950.