Bus. & Prof. Code, § 24074.2 · Article 5. Transfer of Licenses
Bus. & Prof. Code, § 24074.2
Verbatim from the official edition
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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.
Notes and commentary — not statutory text
History
Added by Stats. 1967, Ch. 1494.
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=24074.2.
- Text hash
- sha256 f0f271d93cad4f19cec9f7cce665e4dbbc1a1f28cc6207ccc82c589206a8fdfc
- 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
This section cites
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Business and Professions Code
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