§ 23778
48 words·~1 min read·
/ca/business-and-professions-code/23778A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A distilled spirits wholesaler’s license shall not be held by any person unless at all times throughout the license year he has on his wholesale premises a reasonable stock of distilled spirits, as determined by the department, for which he has fully paid lawful money or its equivalent.