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2020 California Code
Business and Professions Code - BPC
DIVISION 9 - ALCOHOLIC BEVERAGES
CHAPTER 2 - Authorized Unlicensed Transactions and Exemptions
Section 23101.
Universal Citation: CA Bus & Prof Code § 23101 (2020)
23101.
Any bank, trust company, or financial institution owning or possessing alcoholic beverages or warehouse receipts therefor as security for an obligation or as a result of enforcement of a security interest may, after permission has been given by the department, sell the alcoholic beverages or warehouse receipts to a licensee authorized to sell for resale such alcoholic beverages or such warehouse receipts.
(Amended by Stats. 1965, Ch. 865.)
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