{"code":"BPC","codeName":"Business and Professions Code","section":"24074.2","citation":"Bus. & Prof. Code, § 24074.2","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 6. Issuance and Transfer of Licenses [23950. - 24082.]","url":"https://blackletter.si/business-and-professions-code/division-9/chapter-6"},{"name":"ARTICLE 5. Transfer of Licenses [24070. - 24082.]","url":"https://blackletter.si/business-and-professions-code/division-9/chapter-6/article-5"}],"history":"Added by Stats. 1967, Ch. 1494.","effective":null,"html":"<p>Any person desiring to act as an escrow holder under Section <a href=\"/bpc/24074\">24074</a> 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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/business-and-professions-code/transfer-of-licenses-24074-2","source":"California Legislative Information bulk export (pubinfo)"}