Cal. Bus. & Prof. Code § 23101
Current through the 2023 Legislative Session.
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.
Ca. Bus. and Prof'l. Code § 23101