§ 55485.5
78 words·~1 min read·
/ca/food-and-agricultural-code/55485-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A license is forfeited by operation of law prior to its expiration date when one of the following occurs:
(a)The holder surrenders the license to the department.
(b)The holder dies.
(c)The partnership holder dissolves.
(d)The holder of a significant financial interest in a corporation transfers his or her interest to another person or entity, regardless of relationship.
(e)The holder files for bankruptcy under provisions other than those permitting and governing reorganization under bankruptcy.