In any case the Department of Finance may, within 30 days after judgment, pay the balance due to the bona fide or innocent purchaser, lienholder, mortgagee, or vendor and purchase the alcoholic beverages or other property for the State.
(Added by Stats. 1953, Ch. 152.)
Terms Used In California Business and Professions Code 25369
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- State: means the State of California, unless applied to the different parts of the United States. See California Business and Professions Code 21