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California Code, Business and Professions Code - BPC § 19900

Current as of January 01, 2023 | Updated by FindLaw Staff

(a) Except as may be provided by regulation of the commission, the following security interests shall not be enforced without the prior approval of the commission and compliance with regulations adopted pursuant to subdivision (b):

(1) In a security issued by a corporation that is a holder of a gambling license in this state.

(2) In a security issued by a holding company that is not a publicly traded corporation.

(3) In a security issued by a partnership, limited partnership, or limited liability company that is a holder of a gambling license in this state.

(b) The commission shall adopt regulations establishing the procedure for the enforcement of a security interest. Any remedy provided by the regulations for the enforcement of the security interest is in addition to any other remedy provided by law.

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Cite this article: FindLaw.com - California Code, Business and Professions Code - BPC § 19900 - last updated January 01, 2023 | https://codes.findlaw.com/ca/business-and-professions-code/bpc-sect-19900/

Read this complete California Code, Business and Professions Code - BPC § 19900 on Westlaw

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