California Business and Professions Code

§ 6980.59

BPC § 6980.59 Effective Jan 1, 2009Div. 3 · Ch. 8.5 · Art. 7

Statute text

(a)A licensee shall notify the bureau within 30 days of any change of its officers required to be named pursuant to Section 6980.21 and of the addition of any new partners. Applications, on forms prescribed by the director, shall be submitted by all new officers and partners. The director may deny the application of a new officer or partner if the director determines that the officer or partner has committed any act which constitutes grounds for the denial of a license pursuant to Section 6980.71.

(b)A Notice of Warning shall be issued for the first violation of this section. Thereafter, the director shall assess a fine of five hundred dollars ($500) for each subsequent violation of this section.

Legislative history

Amended by Stats. 2008, Ch. 679, Sec. 14. Effective January 1, 2009.