Statute · California Food and Agricultural Code
Cal. Food & Agric. Code § 55405 — Definitions
Cal. Food & Agric. Code § 55405
- Type
- Statute
- Source
- California Food and Agricultural Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“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.
Citator
Cal. Food & Agric. Code § 55405 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“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.