California · Business and Professions Code - BPC
BPC §7503.9: (a) Except as provided in this section, a repossession agency license issued under this chapter is not assignable.
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(a) Except as provided in this section, a repossession agency license issued under this chapter is not assignable. (b) A repossession agency may apply to the chief for consent and, upon receipt of the consent and payment of the processing fee authorized by Section 7511, may assign a license to another business entity as long as the direct and indirect owners of the assignor own all of the assignee immediately after the assignment.
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