California Business and Professions Code

§ 24079

BPC § 24079 Effective Jan 1, 2023Div. 9 · Ch. 6 · Art. 5

Statute text

(a)An on-sale general license or off-sale general license shall not be transferred for a purchase price or consideration in excess of the original fee paid for that license pursuant to subparagraph (A) or (B) of paragraph (2) of subdivision (a) of Section 23320 for a period of two years following the original issuance of that license.

(b)On and after the two-year period following the original issuance of an on-sale general license or off-sale general license, there shall not be a restriction as to the purchase price or consideration paid by a transferee or received by a transferor for an on-sale general license or off-sale general license.

Legislative history

Amended by Stats. 2022, Ch. 296, Sec. 5. (AB 2971) Effective January 1, 2023.