Statute · California Food and Agricultural Code
Cal. Food & Agric. Code § 56253 — Financing Charges and Financial Statements
Cal. Food & Agric. Code § 56253
- Type
- Statute
- Source
- California Food and Agricultural Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Food & Agric. Code § 56253 — Financing Charges and Financial Statements is in force in the current edition of the Code, and nothing recorded condemns it.
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.