Cal. Business and Professions Code § 24076
Cal. Business and Professions Code § 24076
California · California Business and Professions Code · Status: effective
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- Citation
- Cal. Business and Professions Code § 24076, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/780869
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Full text
No licensee shall enter into any agreement wherein he pledges the transfer of his license as security for a loan or as security for the fulfillment of any agreement. No license shall be transferred if the transfer is to satisfy a loan or to fulfill an agreement entered into more than 90 days preceding the date on which the transfer application is filed, or to gain or establish a preference to or for any creditor of the transferor, except as provided by Section 24074, or to defraud or injure any creditor of the transferor.