California Law (Last Updated: March 4, 2014) |
Business and Professions Code - BPC |
Division 8. SPECIAL BUSINESS REGULATIONS |
Chapter 5. The Gambling Control Act |
ARTICLE 7. Restrictions on Certain Transactions |
Section 19904.
Latest version.
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The purported sale, assignment, transfer, pledge, or other disposition of any security issued by a corporation that holds a gambling license, or the grant of an option to purchase that security, is void unless approved in advance by the commission.
(Added by renumbering Section 19904A by Stats. 2002, Ch. 738, Sec. 77. Effective January 1, 2003.)