Section 4572 - Placement of License in Retired Status; Effect(a) Upon application to the Bureau pursuant to Section 4574, an eligible licensee, as described in Section 4573, may have their license placed in a retired status. Placement in a retired status shall occur on the first day of the next renewal period.(b) The holder of a retired license shall not engage in any professional fiduciary activity for which an active license is required unless exempt under the Act.(c) The holder of a retired license shall not identify as a "licensed professional fiduciary" as provided in Section 6532 of the Business and Professions Code unless the licensee qualifies that title immediately before or after with the word "retired."(d) Pursuant to Section 6542(c) of the Business and Professions Code, a retired license shall not expire or require renewal.(e) Each holder of a retired license shall within thirty (30) days notify the Bureau in writing of any changes in the retired licensee's street or mailing addresses, giving both the old and new addresses and any.Cal. Code Regs. Tit. 16, § 4572
1. New section filed 10-25-2022; operative 1-1-2023 (Register 2022, No. 43). Note: Authority cited: Sections 6517 and 6542, Business and Professions Code. Reference: Sections 119, 121.5, 136, 149, 6530, 6531, 6532, 6541, 6541.1, 6542 and 6561, Business and Professions Code.
1. New section filed 10-25-2022; operative 1/1/2023 (Register 2022, No. 43).