Statute · California Business and Professions Code

Cal. Bus. & Prof. Code § 23405.3 — Rights and Obligations of Licensees

Cal. Bus. & Prof. Code § 23405.3

Type
Statute
Source
California Business and Professions Code
Jurisdiction
California
Date
2009-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

If a corporation, limited partnership, or limited liability company holds, directly or indirectly, 10 percent or more of the ownership of a license issued under this division, the licensee shall report any change in the ownership, management, or control of that corporation, limited partnership,…

Citator

Cal. Bus. & Prof. Code § 23405.3 — Rights and Obligations of Licensees is in force in the current edition of the Code, and nothing recorded condemns it.

If a corporation, limited partnership, or limited liability company holds, directly or indirectly, 10 percent or more of the ownership of a license issued under this division, the licensee shall report any change in the ownership, management, or control of that corporation, limited partnership, or limited liability company, in the same manner as would be required by Sections 23405, 23405.1, and 23405.2, if the corporation, limited partnership, or limited liability company were itself the licensee.