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§ 1701.7. License Period; Forfeiture.

3 CA ADC § 1701.7Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 3. Food and Agriculture
Division 3. Economics (Refs & Annos)
Chapter 2.2. Market Enforcement
Subchapter 1. Licensing
Article 2. The Application Process
3 CCR § 1701.7
§ 1701.7. License Period; Forfeiture.
Currentness
(a) A license is valid for one full year from date of issuance. A licensee shall renew his or her license each year for it to remain valid. The licensee can expect it to be renewed unless the Department revokes it or unless it has been forfeited due to one of the following events:
(1) the holder surrenders the license;
(2) the holder dies;
(3) the partnership dissolves;
(4) the holder of a significant financial interest in a corporation or limited liability company transfers his or her interest to another person or entity; or,
(5) the holder files for bankruptcy under provisions other than those permitting and governing reorganization under bankruptcy.
(b) Forfeiture takes place by operation of law. The licensee has no administrative hearing rights. The Department shall not “reissue” a license that is forfeited or “rescind” a forfeiture. The former licensee shall submit a new application, in order to receive a license. It shall be treated in all respects except one, bonding, as an initial application. Licensees should time transfers of ownership so as not to forfeit the old license before the Department issues the new license. The Department shall not change the result of a mistimed transfer of ownership.

Credits

Note: Authority cited: Section 407, Food and Agricultural Code. Reference: Sections 262, 404, 55485.5, 55524.75, 56133.5(b), 56182.6, 56185.75 and 56186.5, Food and Agricultural Code.
History
1. New section filed 12-15-2000; operative 1-14-2001 (Register 2000, No. 50).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 3, § 1701.7, 3 CA ADC § 1701.7
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