§ 23101
62 words·~1 min read·
/ca/business-and-professions-code/23101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.