California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 1 — Licensing of Persons, Chapter 7 — Mineral, Oil and Gas Brokerage, Article 4 — Disciplinary Action, Section 10562.5
When a final judgment is obtained in a civil action against any mineral, oil and gas licensee upon grounds of fraud, misrepresentation, or deceit with reference to any transaction for which a license is required under this division, the commissioner may, after hearing in accordance with the provisions of this part relating to hearings, suspend or revoke the license of such mineral, oil and gas licensee.
Notes
Allows the commissioner, after a hearing under the applicable procedures, to suspend or revoke a mineral, oil, and gas license when a final civil judgment has been entered against the licensee for fraud, misrepresentation, or deceit involving a transaction for which a license is required under the division.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10562.5 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-7/article-4/section-10562-5