California Business and Professions Code 7507 – A licensee shall notify the bureau within 30 days of any change of …
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A licensee shall notify the bureau within 30 days of any change of its corporate officers or of the addition of any partners. Applications, on forms prescribed by the director, shall be submitted by all new officers and partners. The director may suspend or revoke a license issued under this chapter if the director determines that a new officer or partner has committed any act that constitutes grounds for the denial of a license pursuant to Section 7503.5.
(Amended by Stats. 2000, Ch. 568, Sec. 92. Effective January 1, 2001.)
Terms Used In California Business and Professions Code 7507
- Bureau: means the Bureau of Security and Investigative Services. See California Business and Professions Code 7500.1
- Director: means the Director of Consumer Affairs. See California Business and Professions Code 7500.1
- license: means license, certificate, registration, or other means to engage in a business or profession regulated by this code or referred to in Section 1000 or 3600. See California Business and Professions Code 23.7
- Licensee: means an individual, partnership, limited liability company, or corporation licensed under this chapter as a repossession agency. See California Business and Professions Code 7500.1