California Legal Codes and Statutes

§ 24074.2

Added by Stats. 1967, Ch. 1494.

Any person desiring to act as an escrow holder under Section 24074 shall not release any funds in the escrow in exchange for a promissory note or in exchange for any other consideration of less value to the creditors than the funds exchanged.

Cite this section

Cal. Bus. & Prof. Code § 24074.2 (2026)
https://ca.codecond.com/codes/bpc/division-9-alcoholic-beverages/chapter-6-issuance-and-transfer-of-licenses/article-5-transfer-of-licenses/section-24074.2

Other sections in Article 5 - Transfer of Licenses

§ 24070§ 24070.1§ 24070.2§ 24070.5§ 24071§ 24071.1§ 24071.2§ 24072§ 24072.1§ 24072.2…§ 24074.3§ 24074.4§ 24075§ 24076§ 24077§ 24078§ 24079§ 24080§ 24081§ 24082

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 14, 2026.