California Statutes
§ 262. — 262. (Added by Stats. 1997, Ch. 238, Sec. 1.)
California·Code FAC Food and Agricultural Code - FAC·Div. 1. DIVISION 1. STATE ADMINISTRATION·Part 1. PART 1. THE DEPARTMENT OF FOOD AND AGRICULTURE·Ch. 2. CHAPTER 2. Fiscal Duties and Powers·Art. 4. ARTICLE 4. License and Registration
Notwithstanding any provision of law, a license, registration, certificate, permit, exception, or other indicia of authority issued by the department under any provision of this code is forfeited by operation of law prior to its expiration date when one of the following events occurs:
(a)The holder surrenders the indicia to the department.
(b)The holder dies.
(c)The partnership holder dissolves.
(d)The holder of a significant financial interest in a corporation transfers his or her interest to another person or entity, regardless of relationship. The secretary shall determine what constitutes a “significant financial interest” for the purposes of this subdivision.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 262. (262. (Added by Stats. 1997, Ch. 238, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1997, Ch. 238, Sec. 1. Effective January 1, 1998.