Business and Professions Code § 24074.2

ARTICLE 5. Transfer of Licenses

Current as of September 28, 2026Bus. & Prof. Code, § 24074.2Official source ↗

Added by Stats. 1967, Ch. 1494.

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.