California Business and Professions Code 6980.59 – (a) A licensee shall notify the bureau within 30 days of any …
(a) A licensee shall notify the bureau within 30 days of any change of its officers required to be named pursuant to Section 6980.21 and of the addition of any new partners. Applications, on forms prescribed by the director, shall be submitted by all new officers and partners. The director may deny the application of a new officer or partner if the director determines that the officer or partner has committed any act which constitutes grounds for the denial of a license pursuant to Section 6980.71.
(b) A Notice of Warning shall be issued for the first violation of this section. Thereafter, the director shall assess a fine of five hundred dollars ($500) for each subsequent violation of this section.
Terms Used In California Business and Professions Code 6980.59
- Bureau: means the Bureau of Security and Investigative Services. See California Business and Professions Code 6980
- Director: means the Director of the Department of Consumer Affairs. See California Business and Professions Code 6980
- 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 a business entity, whether an individual, partnership, or corporation, licensed under this chapter. See California Business and Professions Code 6980
(Amended by Stats. 2008, Ch. 679, Sec. 14. Effective January 1, 2009.)