A license issued under this title is not subject to foreclosure, and may not be used as collateral to secure a debt. However, if a license is transferred to another person, the transferor may secure payment for real and personal property conveyed to the transferee upon the promise of the transferee to transfer the license back to the transferor upon default in payment.
Section: Previous 04.11.560 04.11.570 04.11.575 04.11.580 04.11.590 04.11.610 04.11.630 04.11.660 04.11.670 04.11.680 04.11.690 04.11.700 NextLast modified: November 15, 2016