When a final judgment is obtained in a civil action against any mineral, oil and gas licensee upon grounds of fraud, misrepresentation, or deceit with reference to any transaction for which a license is required under this division, the commissioner may, after hearing in accordance with the provisions of this part relating to hearings, suspend or revoke the license of such mineral, oil and gas licensee.
Cal. Bus. & Prof. Code § 10562.5
Disciplinary Action
Known as the Real Estate Law
The act spans §§ 10000–10580 (368 sections).
Amended by Stats. 1953, Ch. 760.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.