DIVISION 20. PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS 54001-57700›CHAPTER 7. Produce Dealers 56101-56652›ARTICLE 6. Financing Charges and Financial Statements 56251-56255
§ 56253
California Food and Agricultural Code · 2020-11 edition · updated 2026-10-04 · California
The secretary may require a licensee to file a balance sheet or statement of financial position that presents fairly the financial condition of such licensee. Such 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 shall not meet the requirements of this section. Failure of a licensee to file a financial statement pursuant to this section shall be sufficient grounds for license revocation.
(Amended by Stats. 1996, Ch. 620, Sec. 16. Effective January 1, 1997.)
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