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California CodesBusiness and Professions Code - BPCDivision 3 — Professions and Vocations GenerallyChapter 9 — ContractorsArticle 7 — Disciplinary ProceedingsSection 7108

Diversion of funds or property received for prosecution or completion of a specific construction project or operation, or for a specified purpose in the prosecution or completion of any construction project or operation, or failure substantially to account for the application or use of such funds or property on the construction project or operation for which such funds or property were received constitutes a cause for disciplinary action.

Notes

Establishes disciplinary grounds when a licensee diverts funds or property received for a specific construction project, operation, or specified project purpose, or substantially fails to account for how those funds or property were applied or used on the construction project or operation for which they were received.

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Use as reference

Lexinter.net | California Code, Business and Professions Code - BPC § 7108 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-9/article-7/section-7108

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