California Business and Professions Code

§ 6542

BPC § 6542 Effective Jan 1, 2024Div. 3 · Ch. 6 · Art. 3

Statute text

(a)The bureau may establish, by regulation, a system for the placement of a license into retired status, upon application and submission to the bureau of a statement as required by Section 6561, for a professional fiduciary who is not actively engaged in the practice of a professional fiduciary or any activity that requires them to be licensed by the bureau.

(b)The bureau shall deny an applicant’s application to place a license in retired status if the license is subject to an outstanding order of the bureau, suspended, placed on probation, revoked, or otherwise restricted by the bureau, or subject to disciplinary action under this chapter.

(c)The holder of a retired license shall not be required to renew that license or submit an annual statement pursuant to Section 6561.

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Legislative history

Amended by Stats. 2023, Ch. 680, Sec. 8. (AB 1262) Effective January 1, 2024.