California Statutes
§ 55405. — 55405. (Enacted by Stats. 1967, Ch. 15.)
California § 55405.
JurisdictionCalifornia
Code FACFood and Agricultural Code - FAC
Div. 20.DIVISION 20. PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS
Ch. 6.CHAPTER 6. Processors of Farm Products
Art. 1.ARTICLE 1. Definitions
This text of California § 55405. (55405. (Enacted by Stats. 1967, Ch. 15.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Food and Agricultural Code - FAC Code § 55405. (2026).
Text
“New value” includes any new advance or loan, whether in money or other property, which is made by a lender to a processor. It does not, however, include any extension or renewal of any existing obligation of the processor, nor any obligation which is substituted for such existing obligation.
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Legislative History
Enacted by Stats. 1967, Ch. 15.
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Bluebook (online)
California § 55405., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FAC/55405..