California Business and Professions Code

§ 19879

BPC § 19879 Effective Jan 1, 2025Div. 8 · Ch. 5 · Art. 4

Statute text

With regard to a person who has had their application for a license denied by the commission, all of the following shall apply:

(a)Except as provided in subdivision (c), the person shall not be entitled to profit from any investment in any business entity that has applied for or been granted a state license.

(b)The person shall not retain any interest in a business entity described in subdivision (a) beyond that period prescribed by the commission.

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Legislative history

Amended by Stats. 2024, Ch. 138, Sec. 3. (SB 1519) Effective January 1, 2025.