5.48.292 - Pointholders—Minimum interest.
Part of the Code of Ordinances of Commerce, CA.
The text
A subdivision of any interest in a card club license to less than one-quarter point is prohibited. Any such subdivision will not be recognized by the city and shall be grounds for disciplinary action pursuant to the provisions of this chapter.
(Ord. No. 804, § 2, 12-13-2022)