California § 55523.2. 55523.2. (Amended by Stats. 1996, Ch. 620, Sec. 3.)

California Statutes

§ 55523.2. — 55523.2. (Amended by Stats. 1996, Ch. 620, Sec. 3.)

California § 55523.2.

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. 5.ARTICLE 5. Processor’s License

This text of California § 55523.2. (55523.2. (Amended by Stats. 1996, Ch. 620, Sec. 3.)) 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 § 55523.2. (2026).

Text

Any balance sheet or financial information prepared, retained, or submitted as required by this chapter that shows the applicant to be in an unsound financial condition that impairs the ability to pay farm products creditors in full for farm products received or handled is sufficient grounds to deny the application for license or the renewal of a license.  The denial of the application for a license or renewal of a license relating to an unsound financial condition shall include a notice and an opportunity for a hearing.

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Any balance sheet or financial information prepared, retained, or submitted as required by this chapter that shows the applicant to be in an unsound financial condition that impairs the ability to pay farm products creditors in full for farm products received or handled is sufficient grounds to deny the application for license or the renewal of a license. The denial of the application for a license or renewal of a license relating to an unsound financial condition shall include a notice and an opportunity for a hearing.