Cal. Business and Professions Code § 7714.2
Cal. Business and Professions Code § 7714.2
California · California Business and Professions Code · Status: effective · Effective 2023-01-01
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- Citation
- Cal. Business and Professions Code § 7714.2, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/776172
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Full text
A change in the ownership of a reduction facility shall be reported to the bureau. A transfer in a single transaction or related transactions of more than 50 percent of the equitable interest in a reduction facility constitutes a change of ownership. When a change in ownership in a reduction facility occurs, the existing reduction facility license shall lapse and the new owner shall obtain a license from the bureau as required. The bureau shall not require an applicant under this section to obtain a new permit or license from any other governmental agency when the existing permit or license is valid.