{"code":"BPC","codeName":"Business and Professions Code","section":"23405.3","citation":"Bus. & Prof. Code, § 23405.3","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 9. ALCOHOLIC BEVERAGES [23000. - 25762.]","url":"https://blackletter.si/business-and-professions-code/division-9"},{"name":"CHAPTER 3. Licenses and Fees [23300. - 23552.]","url":"https://blackletter.si/business-and-professions-code/division-9/chapter-3"},{"name":"ARTICLE 3. Rights and Obligations of Licensees [23355. - 23405.4.]","url":"https://blackletter.si/business-and-professions-code/division-9/chapter-3/article-3"}],"history":"Added by Stats. 2008, Ch. 508, Sec. 5.   Effective January 1, 2009.","effective":"2009-01-01","html":"<p>If a corporation, limited partnership, or limited liability company holds, directly or indirectly, 10 percent or more of the ownership of a license issued under this division, the licensee shall report any change in the ownership, management, or control of that corporation, limited partnership, or limited liability company, in the same manner as would be required by Sections <a href=\"/bpc/23405\">23405</a>, <a href=\"/bpc/23405.1\">23405.1</a>, and <a href=\"/bpc/23405.2\">23405.2</a>, if the corporation, limited partnership, or limited liability company were itself the licensee.</p>","text":"If a corporation, limited partnership, or limited liability company holds, directly or indirectly, 10 percent or more of the ownership of a license issued under this division, the licensee shall report any change in the ownership, management, or control of that corporation, limited partnership, or limited liability company, in the same manner as would be required by Sections 23405, 23405.1, and 23405.2, if the corporation, limited partnership, or limited liability company were itself the licensee.","otherVersions":[],"url":"https://blackletter.si/business-and-professions-code/rights-and-obligations-of-licensees-23405-3","source":"California Legislative Information bulk export (pubinfo)"}