Inglewood Municipal Code § 8-59 Bankruptcy Stock Sale. Permit Required

Inglewood Municipal Code · 2026-10 edition · updated 2026-10-04 · Inglewood

Cite as: Inglewood Municipal Code § 8-59 · Text as of 2026-10-04

It shall be unlawful to conduct a bankruptcy stock sale without obtaining beforehand a permit from the Finance Director. Applications for permits shall contain the information required of permits generally of the type involved and include therein an inventory of the stock proposed to be sold.

(Ord. 03-19 10-14-03; Ord. 07-08 4-25-07)

§ 8-59.1. Revocation Procedure.¶

Any permit issued pursuant to this Section may be suspended without notice or hearing for a period of ten days by the Finance Director if he or she ascertains that the statements made in the application are not true or that any aspect of the sale is misleading, false or in any other respect contrary to the permit. During said period of suspension revocation proceedings may be instituted in the manner provided in Article 3 of this Chapter.

(Ord. 03-19 10-14-03; Ord. 07-08 4-25-07)

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Inglewood Municipal Code

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