Statute · California Financial Code
Cal. Fin. Code § 23007 — Licensing and Exemptions
Cal. Fin. Code § 23007
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2003-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The applicant shall file with the application financial statements prepared in accordance with generally accepted accounting principles and acceptable to the commissioner that indicate a net worth of at least twenty-five thousand dollars ($25,000). A licensee, regardless of the number of…
Citator
Cal. Fin. Code § 23007 — Licensing and Exemptions is in force in the current edition of the Code, and nothing recorded condemns it.
The applicant shall file with the application financial statements prepared in accordance with generally accepted accounting principles and acceptable to the commissioner that indicate a net worth of at least twenty-five thousand dollars ($25,000). A licensee, regardless of the number of licensed locations, shall maintain a net worth of at least twenty-five thousand dollars ($25,000) at all times.