§ 9633 Corporate Asset Disposal Notice

• •If a company wants to sell or give away most of its stuff (like buildings, machines, or important things it owns), it has to tell the Attorney General in writing 20 days before doing it.
• •The company can skip this rule only if the Attorney General says in writing that it’s okay to skip it for that specific sale or transfer.
• •This rule is about big changes, not small sales—like if a company sells almost everything it owns, not just a few old chairs.

A big toy company decides to sell all its factories and toys to another company.

Before the toy company can sell everything, it must send a letter to the Attorney General 20 days ahead of time to tell them about the sale. If they don’t, they could get in trouble, even if the sale is a good deal. But if the Attorney General sends back a note saying, 'You don’t have to wait,' then the company can sell everything right away.