California CodesBusiness and Professions Code - BPCDivision 9 — Alcoholic BeveragesChapter 6 — Issuance and Transfer of LicensesArticle 5 — Transfer of LicensesSection 24079
(a) An on-sale general license or off-sale general license shall not be transferred for a purchase price or consideration in excess of the original fee paid for that license pursuant to subparagraph (A) or (B) of paragraph (2) of subdivision (a) of Section 23320 for a period of two years following the original issuance of that license.
(b) On and after the two-year period following the original issuance of an on-sale general license or off-sale general license, there shall not be a restriction as to the purchase price or consideration paid by a transferee or received by a transferor for an on-sale general license or off-sale general license.
Notes
Limits the purchase price or consideration for transferring a newly issued on-sale general or off-sale general license, during the first two years after original issuance, to no more than the original fee paid for the license. After that two-year period, removes any restriction on the purchase price or consideration paid or received for such a transfer.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 24079 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-9/chapter-6/article-5/section-24079