ARTICLE 6. Financing Charges and Financial Statements [56251. - 56255.]

Heading of Article 6 amended by Stats. 1969, Ch. 1326.

§§ 56251–56255 · 5 sections

• § 56251 A licensee that finances, lends money, or otherwise makes advances of money or credits to another licensee may not deduct from the proceeds of any farm product…
• § 56252.2 (a) If the director is not satisfied that an applicant or licensee is financially responsible, the director may, in lieu of denying, suspending, or revoking…
• § 56253 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.…
• § 56254 Any financial statement submitted to the director pursuant to the provisions of this article is confidential and shall not be divulged except if necessary for…
• § 56255 (a) Every licensee shall prepare and preserve the accounts, records, and memoranda required by this chapter which shall fully and correctly disclose all…