California Business and Professions Code

§ 19904

BPC § 19904 Effective Jan 1, 2024Div. 8 · Ch. 5 · Art. 7

Statute text

The purported sale, assignment, transfer, pledge, or other disposition of any security issued by a corporation, membership interest of a limited liability company, or ownership interest of a partnership or sole proprietor that holds a gambling license, or the grant of an option to purchase that interest or security, is void unless approved in advance by the commission.

Legislative history

Amended by Stats. 2023, Ch. 302, Sec. 6. (AB 1271) Effective January 1, 2024.