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GROVER ESCROW CORP. v. GOLE

Docket No. L.A. 29618.

71 Cal.2d 61 (1969)

453 P.2d 461

77 Cal. Rptr. 21

GROVER ESCROW CORPORATION et al., Plaintiffs, Cross-defendants and Respondents, v. JOSEPH G. GOLE, Defendant, Cross-complainant and Appellant.

Supreme Court of California. In Bank.

May 6, 1969.

Attorney(s) appearing for the Case

Huckenpahler & Dion and Michael A. Dion for Defendant, Cross-complainant and Appellant.

Carden, Lae & Gray, Arthur W. Gray, Jr., Betts & Loomis and John A. Loomis for Plaintiffs, Cross-defendants and Respondents.

MOSK, J.

This case involves statutory construction of Business and Professions Code section 24074, governing transfers in escrow of liquor licenses. The precise issue is whether that section precludes a creditor from establishing priority over the escrowed proceeds of such a transaction by attachment or garnishment. [1] We conclude that section 24074 represents a mandatory and exclusive scheme for payment of creditors of liquor license transferors, giving...

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