California Consumer Privacy Act of 2018: opt out right: mergers.

The California Consumer Privacy Act of 2018 (CCPA) grants a consumer various rights with respect to personal information that is collected or sold by a business, as defined, including the right to direct a business that sells or shares personal information about the consumer to third parties not to sell or share the consumer's personal information, as specified. The California Privacy Rights Act of 2020, approved by the voters as Proposition 24 at the November 3, 2020, statewide general election, amended, added to, and reenacted the CCPA. This bill would require a business to which another business transfers the personal information of a consumer as an asset that is part of a merger, acquisition, bankruptcy, or other transaction in which the transferee assumes control of all or part of the transferor to comply with a consumer's opt out direction to the transferor. This bill would declare that its provisions further the purposes and intent of the California Privacy Rights Act of 2020. This bill would incorporate additional changes to Section 1798.120 of the Civil Code proposed by AB 1949 to be operative only if this bill and AB 1949 are enacted and this bill is enacted last.