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HomeFinancial CodeDiv. 1.1Ch. 19Art. 4§ 1721 License Nontransferability

§ 1721 License Nontransferability

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 1721 License Nontransferability

This law says you can't give, sell, or move your license to anyone else.

Key Takeaways

  • •A license stays with the person or company that first got it.
  • •You can't sell or give the license to another person.
  • •If you need someone else to use the thing, they must get their own license.

Example

Alex buys a software license for a program and then tries to give it to his brother Sam to use.

Because the license can't be transferred, Sam can't legally use Alex's license; Alex would have to get his own license for Sam.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 1721 License Nontransferability

No license is transferable or assignable. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 11, 2026

Key Terms

licensetransferableassignable

Related Statutes

  • § 1710 Foreign Bank Control Definitions
  • § 1714 Foreign Bank Office Relocation
  • § 1717 Foreign Bank License Surrender
  • § 1720 Foreign Bank License Display
  • § 12219 License Nontransferability

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 1721.
View Official Source