California Statutes
§ 24074.2. — 24074.2. (Added by Stats. 1967, Ch. 1494.)
California·Code BPC Business and Professions Code - BPC·Div. 9. DIVISION 9. ALCOHOLIC BEVERAGES·Ch. 6. CHAPTER 6. Issuance and Transfer of Licenses·Art. 5. ARTICLE 5. Transfer of Licenses
Any person desiring to act as an escrow holder under Section 24074 shall not release any funds in the escrow in exchange for a promissory note or in exchange for any other consideration of less value to the creditors than the funds exchanged.
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California § 24074.2. (24074.2. (Added by Stats. 1967, Ch. 1494.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1967, Ch. 1494.