California CodesBusiness and Professions Code - BPCDivision 9 — Alcoholic BeveragesChapter 3 — Licenses and FeesArticle 3 — Rights and Obligations of LicenseesSection 23405.3
If a corporation, limited partnership, or limited liability company holds, directly or indirectly, 10 percent or more of the ownership of a license issued under this division, the licensee shall report any change in the ownership, management, or control of that corporation, limited partnership, or limited liability company, in the same manner as would be required by Sections 23405, 23405.1, and 23405.2, if the corporation, limited partnership, or limited liability company were itself the licensee.
Notes
Requires a licensee to report changes in ownership, management, or control of a corporation, limited partnership, or limited liability company that directly or indirectly owns at least 10 percent of the license. Requires reporting in the same manner that would apply if that entity itself held the license.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 23405.3 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-9/chapter-3/article-3/section-23405-3