Cal. Business and Professions Code § 7503.9

California · California Business and Professions Code · Status: effective · Effective 1996-01-01

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Citation: Cal. Business and Professions Code § 7503.9, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/775368
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(a) Except as provided in this section, a repossession agency license issued under this chapter is not assignable. (b) A repossession agency may apply to the chief for consent and, upon receipt of the consent and payment of the processing fee authorized by Section 7511, may assign a license to another business entity as long as the direct and indirect owners of the assignor own all of the assignee immediately after the assignment.