California § 55523.4. 55523.4. (Amended by Stats. 1996, Ch. 620, Sec. 4.)

California Statutes

§ 55523.4. — 55523.4. (Amended by Stats. 1996, Ch. 620, Sec. 4.)

California § 55523.4.

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 § 55523.4. (55523.4. (Amended by Stats. 1996, Ch. 620, Sec. 4.)) 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 § 55523.4. (2026).

Text

If at any time the secretary has cause or reason to believe that any applicant or licensee is in an unsound financial condition so as to impair his or her ability to pay farm products creditors in full for farm products received or handled, or for any reason the secretary deems advisable, the secretary may require an applicant or licensee to file with him or her a balance sheet or statement of financial position that presents fairly the financial condition of the licensee.  The financial statement, if not prepared by a public accountant or certified public accountant, shall be on a form prescribed by the secretary and shall be submitted under penalty of perjury.  Any balance sheet submitted that does not provide the information required by the secretary may be rejected until the informatio

Free access — add to your briefcase to read the full text and ask questions with AI

If at any time the secretary has cause or reason to believe that any applicant or licensee is in an unsound financial condition so as to impair his or her ability to pay farm products creditors in full for farm products received or handled, or for any reason the secretary deems advisable, the secretary may require an applicant or licensee to file with him or her a balance sheet or statement of financial position that presents fairly the financial condition of the licensee. The financial statement, if not prepared by a public accountant or certified public accountant, shall be on a form prescribed by the secretary and shall be submitted under penalty of perjury. Any balance sheet submitted that does not provide the information required by the secretary may be rejected until the information is provided.