California Business and Professions Code 19905 – Every owner licensee that is involved in a transaction for the …
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Every owner licensee that is involved in a transaction for the extension or redemption of credit by the licensee, or for the payment, receipt, or transfer of coin, currency, or other monetary instruments, as specified by the commission, in an amount, denomination, or amount and denomination, or under circumstances prescribed by regulations, and any other participant in the transaction, as specified by the commission, shall, if required by regulation, make and retain a record of, or file with the department a report on, the transaction, at the time and in the manner prescribed by regulations.
(Amended by Stats. 2007, Ch. 176, Sec. 34. Effective August 24, 2007.)
Terms Used In California Business and Professions Code 19905
- Commission: means the California Gambling Control Commission. See California Business and Professions Code 19805
- Department: means the Department of Justice. See California Business and Professions Code 19805
- Licensee: means any person authorized by a license, certificate, registration, or other means to engage in a business or profession regulated by this code or referred to in Sections 1000 and 3600. See California Business and Professions Code 23.8
- Owner licensee: means an owner of a gambling enterprise who holds a state gambling license. See California Business and Professions Code 19805