Cal. Code Regs. Tit. 16, § 1705 - Notification of Bankruptcy, Receivership or Liquidation

Any pharmacy, wholesaler, or manufacturer who makes any assignment for the benefit of creditors or enters into any creditor compromise arrangement, or who files a petition in bankruptcy, or who has a receiver appointed, or who enters into any liquidation or other arrangement which may result in the sale or transfer of drugs, devices or appliances which are required to be sold by a registered pharmacist or other licensee, shall notify the Board immediately in writing of such fact, and shall set forth the following information, if known:

(a) Date of sale or transfer of such drugs, devices or appliances;

(b) Name and address of purchaser;

(c) Inventory of dangerous drugs and devices showing their disposition;

(d) Location of records of manufacture, sale, purchase, and disposition of dangerous drugs and devices.

Notes

Cal. Code Regs. Tit. 16, § 1705

1. New section filed 8-3-73; effective thirtieth day thereafter (Register 73, No. 31). For history of former section, see Register 66, No. 23.
2. Amendment filed 12-8-80; effective thirtieth day thereafter (Register 80, No. 50).
3. Editorial correction of HISTORY NOTE No. 2 (Register 81, No. 10).
4. Change without regulatory effect amending NOTE filed 9-11-2002 pursuant to section 100, title 1, California Code of Regulations (Register 2002, No. 37).

Note: Authority cited: Section 4005, Business and Professions Code. Reference: Sections 4005, 4024, 4080, 4081 and 4332, Business and Professions Code.

1. New section filed 8-3-73; effective thirtieth day thereafter (Register 73, No. 31). For history of former section, see Register 66, No. 23.
2. Amendment filed 12-8-80; effective thirtieth day thereafter (Register 80, No. 50).
3. Editorial correction of HISTORY NOTE No. 2 (Register 81, No. 10).
4. Change without regulatory effect amending Note filed 9-11-2002 pursuant to section 100, title 1, California Code of Regulations (Register 2002, No. 37).