Section 7503.9 - Assignment of license(a) Except as provided in this section, a repossession agency license issued under this chapter is not assignable.(b) A repossession agency may apply to the chief for consent and, upon receipt of the consent and payment of the processing fee authorized by Section 7511, may assign a license to another business entity as long as the direct and indirect owners of the assignor own all of the assignee immediately after the assignment.Ca. Bus. and Prof'l. Code § 7503.9
Amended by Stats. 1995, Ch. 505, Sec. 9. Effective January 1, 1996.