Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 10158 — Licenses
Cal. Bus. & Prof. Code § 10158
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2019-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
When a real estate license is issued to a corporation, if it desires any of its officers other than the officer designated by it pursuant to Section 10211, to act under its license as a real estate broker, it shall procure an additional license to retain each of those additional officers. In the…
Citator
Cal. Bus. & Prof. Code § 10158 — Licenses is in force in the current edition of the Code, and nothing recorded condemns it.
When a real estate license is issued to a corporation, if it desires any of its officers other than the officer designated by it pursuant to Section 10211, to act under its license as a real estate broker, it shall procure an additional license to retain each of those additional officers. In the event of death or incapacity of a sole designated broker-officer, a corporation may operate as a licensee without interruption under its existing license if notice of the death or incapacity and an application for a new designated officer is filed with the department before midnight of the 10th business day after the event.