Cal. Bus. & Prof. Code § 24076

Current through the 2024 Legislative Session.
Section 24076 - Pledge of transfer of license

No licensee shall enter into any agreement wherein he pledges the transfer of his license as security for a loan or as security for the fulfillment of any agreement. No license shall be transferred if the transfer is to satisfy a loan or to fulfill an agreement entered into more than 90 days preceding the date on which the transfer application is filed, or to gain or establish a preference to or for any creditor of the transferor, except as provided by Section 24074, or to defraud or injure any creditor of the transferor.

Ca. Bus. and Prof'l. Code § 24076

Amended by Stats. 1967, Ch. 753.