Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 23101 — Authorized Unlicensed Transactions and Exemptions
Cal. Bus. & Prof. Code § 23101
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Any bank, trust company, or financial institution owning or possessing alcoholic beverages or warehouse receipts therefor as security for an obligation or as a result of enforcement of a security interest may, after permission has been given by the department, sell the alcoholic beverages or…
Citator
Cal. Bus. & Prof. Code § 23101 — Authorized Unlicensed Transactions and Exemptions is in force in the current edition of the Code, and nothing recorded condemns it.
Any bank, trust company, or financial institution owning or possessing alcoholic beverages or warehouse receipts therefor as security for an obligation or as a result of enforcement of a security interest may, after permission has been given by the department, sell the alcoholic beverages or warehouse receipts to a licensee authorized to sell for resale such alcoholic beverages or such warehouse receipts.