California CodesBusiness and Professions Code - BPCDivision 9 — Alcoholic BeveragesChapter 6 — Issuance and Transfer of LicensesArticle 5 — Transfer of LicensesSection 24080

Every application filed by the intended transferee with the department for the transfer of an onsale or offsale general license shall indicate whether the consideration, if any, to be paid to the transferor includes payment for any or all of the following:

(a) Inventory.

(b) Fixtures.

(c) Transfer of the license.

The actual amount of the consideration, if any, to be paid for items (a), (b) and (c) is to be indicated in the application.

Notes

Requires every intended transferee applying to transfer an on-sale or off-sale general license to state whether consideration paid to the transferor includes payment for inventory, fixtures, or transfer of the license. Requires the application also to state the actual amount of consideration, if any, allocated to each of those three items.

Use as reference

Lexinter.net | California Code, Business and Professions Code - BPC § 24080 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-9/chapter-6/article-5/section-24080

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