§ 12256. Transfers and Sales.
4 CA ADC § 12256Barclays Official California Code of Regulations
4 CCR § 12256
§ 12256. Transfers and Sales.
(a) If any TPPPS owner type licensee wishes to sell in whole or in part any ownership interest to any unlicensed person, the TPPPS owner type licensee must first notify the Commission in writing to request approval of the transaction. The transferee must apply for and be approved as a TPPPS owner licensee. Evidence of the transferor's agreement to transfer the interest and, if applicable, the proposed articles of incorporation, must accompany the application for licensing.
Credits
Note: Authority cited: Sections 19840, 19841 and 19984, Business and Professions Code. Reference: Sections 19826 and 19984, Business and Professions Code.
History
1. Renumbering and amendment of former section 12200.15 to section 12256 filed 12-12-2020; operative 1-1-2021 pursuant to Government Code section 11343.4(b) (Register 2020, No. 51). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 4, § 12256, 4 CA ADC § 12256
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