California Statutes
§ 19902. — 19902. (Amended by Stats. 2011, Ch. 391, Sec. 1.)
California·Code BPC Business and Professions Code - BPC·Div. 8. DIVISION 8. SPECIAL BUSINESS REGULATIONS·Ch. 5. CHAPTER 5. The Gambling Control Act·Art. 7. ARTICLE 7. Restrictions on Certain Transactions
When any person contracts to sell or lease any property or interest in property, real or personal, under circumstances that require the approval or licensing of the purchaser or lessee by the commission pursuant to subdivision (a) of Section 19853, the contract shall not specify a closing date for the transaction that is prior to that approval or licensing by the commission. Any provision of a contract that specifies an earlier closing date is void for all purposes, but the invalidity does not affect the validity of any other provision of the contract.
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California § 19902. (19902. (Amended by Stats. 2011, Ch. 391, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2011, Ch. 391, Sec. 1. (AB 156) Effective January 1, 2012.