4895.05
Effective Jan 1, 1997Amended by Stats. 1996, Ch. 1064, Sec. 520.1. Effective January 1, 1997. Operative July 1, 1997.
- (a) A merger shall not become effective unless it has been approved by the commissioner.
- (b) After an application for approval of a merger has been approved and all conditions precedent to the merger have been fulfilled, the commissioner shall approve the merger.