Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 7503.9 — Licenses
Cal. Bus. & Prof. Code § 7503.9
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 1996-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Except as provided in this section, a repossession agency license issued under this chapter is not assignable.
Citator
Cal. Bus. & Prof. Code § 7503.9 — Licenses is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Except as provided in this section, a repossession agency license issued under this chapter is not assignable.
(b) A repossession agency may apply to the chief for consent and, upon receipt of the consent and payment of the processing fee authorized by Section 7511, may assign a license to another business entity as long as the direct and indirect owners of the assignor own all of the assignee immediately after the assignment.