Business and Professions Code - BPC
DIVISION 9. ALCOHOLIC BEVERAGES [23000 - 25762]
( Division 9 added by Stats. 1953, Ch. 152. ) CHAPTER 2. Authorized Unlicensed Transactions and Exemptions [23100 - 23113]
( Chapter 2 added by Stats. 1953, Ch. 152. ) 23101.
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.
(Amended by Stats. 1965, Ch. 865.)