Business and Professions Code section 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.

Source: Section 23101, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=BPC§ionNum=23101.­ (updated Jan. 1, 1965; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 23101's source at ca​.gov