California CodesBusiness and Professions Code - BPCDivision 3 — Professions and Vocations GenerallyChapter 11.6 — Alarm CompaniesArticle 4 — LicensesSection 7593.15
(a) Except as provided in this section, an alarm company operator license issued under this chapter is not assignable.
(b) An alarm company operator may apply to the chief for consent and, upon receipt of the consent and payment of the processing fee authorized by Section 7599.70, may assign a license to another business entity as long as the direct and indirect owners of the assignor own all of the assignee immediately after the assignment.
Notes
Prohibits assignment of an alarm company operator license except through the stated process. Allows an operator, with the chief’s consent and payment of the authorized processing fee, to assign the license to another business entity only when all direct and indirect owners of the assignor own all of the assignee immediately after assignment.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 7593.15 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-11-6/article-4/section-7593-15