§ 24079. — 24079. (Amended by Stats. 2022, Ch. 296, Sec. 5.)

California § 24079.

• Jurisdiction: 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

Text

(a)
An on-sale general license or off-sale general license shall not be transferred for a purchase price or consideration in excess of the original fee paid for that license pursuant to subparagraph (A) or (B) of paragraph (2) of subdivision (a) of Section 23320 for a period of two years following the original issuance of that license.
(b)
On and after the two-year period following the original issuance of an on-sale general license or off-sale general license, there shall not be a restriction as to the purchase price or consideration paid by a transferee or received by a transferor for an on-sale general license or off-sale general license.

Legislative History

Amended by Stats. 2022, Ch. 296, Sec. 5. (AB 2971) Effective January 1, 2023.