Business and Professions Code § 24074.2

ARTICLE 5. Transfer of Licenses

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

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.