California Food and Agricultural Code

§ 55527.6

FAC § 55527.6 Effective Jan 1, 2014Div. 20 · Ch. 6 · Art. 5

Statute text

(a)Licensees or applicants for a license shall be required to furnish and maintain an irrevocable guarantee in a form and amount satisfactory to the secretary if, within the preceding four years, the secretary determines that they have done any of the following:

(1)Engaged in conduct which demonstrates a lack of financial responsibility, including, but not limited to, delinquent accounts payable, judgments of liability, insolvency, or bankruptcy.

(2)Failed to assure future financial responsibility unless an irrevocable guarantee is provided.

…

Legislative history

Amended by Stats. 2013, Ch. 76, Sec. 69. (AB 383) Effective January 1, 2014.