Bus. & Prof. Code, § 10502 · Article 1. Scope of Regulation
Bus. & Prof. Code, § 10502
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
A mineral, oil and gas broker license shall not be required to engage in any of the following activities with respect to a mineral, oil or gas property:
(a) To act as a depository under an oil lease, gas lease or oil and gas lease other than for purpose of sale.
(b) To engage in any transaction subject to an order of a court of competent jurisdiction.
(c) To engage in the business of drilling for or producing oil or gas or mining for or producing minerals.
(d) To negotiate leases or agreements between an owner of mineral, oil or gas lands, leases or mineral rights on the one hand, and a person organized for or engaging in oil or gas or mineral or metal production on the other, or to enter into leases or agreements with an owner of mineral, oil, or gas lands, leases, or mineral rights on behalf of a disclosed or undisclosed person organized for or engaging in oil or gas or mineral or metal production.
(e) To deal with mineral rights or land, other than oil or gas rights or land, as the owner of the rights or land.
Notes and commentary — not statutory text
History
Added by Stats. 1983, Ch. 268, Sec. 6.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=10502.
- Text hash
- sha256 a2985be16029171b5dbc4f8b3a12a800d01f725b59f4c28d26bfae08184d4008
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
Provisions in this library whose text cites Bus. & Prof. Code, § 10502. Each shows the citation as that text prints it.
Business and Professions Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.