A formal announcement informs creditors of an upcoming bulk sale of assets and an accompanying transfer of an alcoholic beverage license. The notice adheres to U.C.C. 6101 et seq. and B & P 24073 et seq., offering critical information that helps creditors protect their interests.
NOTICE TO CREDITORS OF BULK SALE AND OF INTENTION TO TRANSFER ALCOHOLIC BEVERAGE LICENSE(U.C.C.
Key Takeaways:
- This notice is issued to inform creditors of a bulk sale and license transfer.
- The transaction follows U.C.C. 6101 et seq. and B & P 24073 et seq.
- Creditors should note Escrow No. 17929 for specific transactional details.
- Santa Maria Times published the notice on February 20, 2026.
Overview of the Notice
A legal notice has been issued to notify creditors about an impending bulk sale of assets and an intention to transfer an alcoholic beverage license. According to the information provided, these transactions must comply with U.C.C. 6101 et seq. and B & P 24073 et seq., indicating that the sale is taking place under strict legal parameters.
Details of the Bulk Sale and License Transfer
This bulk sale, identified by Escrow No. 17929, signifies a comprehensive transfer of assets outside the usual course of business. In addition to the sale, the transaction encompasses the transfer of an alcoholic beverage license. The nature of the sale and license transfer underscores the importance of creditor awareness for anyone with a vested financial interest.
Impact on Creditors
Creditors are reminded that legal provisions under U.C.C. 6101 et seq. and B & P 24073 et seq. outline specific rights and protections. The notice serves to ensure that any involved party is fully informed and able to take any necessary steps to secure their interests. Failure to respond or act within designated legal timeframes may affect creditors’ claims.
Legal Framework and Compliance
Both U.C.C. 6101 et seq. and B & P 24073 et seq. set forth requirements meant to protect creditors and maintain transactional transparency. Compliance with these statutes is crucial to avoid disputes and ensure each stakeholder understands their responsibilities.
Formal Statement from the Notice
“NOTICE TO CREDITORS OF BULK SALE AND OF INTENTION TO TRANSFER ALCOHOLIC BEVERAGE LICENSE(U.C.C. 6101 et seq. And B & P 24073 et seq.) Escrow No. 17929 Notice is hereby given that a bulk sale of assets and a transfer…”
The announcement confirms the legal necessity of informing creditors, granting them a clear opportunity to raise any objections or inquiries before the transaction is finalized.