BlackletterCalifornia law

Business and Professions Code § 23101

CHAPTER 2. Authorized Unlicensed Transactions and Exemptions

Current as of September 28, 2026Bus. & Prof. Code, § 23101Official source ↗

Amended by Stats. 1965, Ch. 865.

Any bank, trust company, or financial institution owning or possessing alcoholic beverages or warehouse receipts therefor as security for an obligation or as a result of enforcement of a security interest may, after permission has been given by the department, sell the alcoholic beverages or warehouse receipts to a licensee authorized to sell for resale such alcoholic beverages or such warehouse receipts.