Section 60143 Of Article 2. License For Exempt Bus Operator From California Revenue And Taxation Code >> Division 2. >> Part 31. >> Chapter 5. >> Article 2.

. Before granting a license authorizing a person to engage in business as an exempt bus operator, the board may require the person to file with the board security pursuant to Section 60401. The license issued to any exempt bus operator is not transferable and is valid until canceled or revoked.