Cal. Bus. & Prof. Code § 7714.2

Current through the 2023 Legislative Session.
Section 7714.2 - [Operative 1/1/2027] Change in the ownership; reporting

A change in the ownership of a reduction facility shall be reported to the bureau. A transfer in a single transaction or related transactions of more than 50 percent of the equitable interest in a reduction facility constitutes a change of ownership. When a change in ownership in a reduction facility occurs, the existing reduction facility license shall lapse and the new owner shall obtain a license from the bureau as required. The bureau shall not require an applicant under this section to obtain a new permit or license from any other governmental agency when the existing permit or license is valid.

Ca. Bus. and Prof. Code § 7714.2

Added by Stats 2022 ch 399 (AB 351),s 26, eff. 1/1/2023.