California Business and Professions Code

§ 10158

BPC § 10158 Effective Jan 1, 2019Div. 4 · Part 1 · Ch. 3 · Art. 2

Statute text

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.

Legislative history

Amended by Stats. 2018, Ch. 285, Sec. 36. (AB 2884) Effective January 1, 2019.