California Business and Professions Code

§ 23101

BPC § 23101Div. 9 · Ch. 2

Statute text

Any bank, trust company, or financial institution owning or possessing alcoholic beverages or warehouse receipts therefor as security for an obligation or as a result of enforcement of a security interest may, after permission has been given by the department, sell the alcoholic beverages or warehouse receipts to a licensee authorized to sell for resale such alcoholic beverages or such warehouse receipts.

Legislative history

Amended by Stats. 1965, Ch. 865.