§ 23007
58 words·~1 min read·
/ca/financial-code/23007A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The applicant shall file with the application financial statements prepared in accordance with generally accepted accounting principles and acceptable to the commissioner that indicate a net worth of at least twenty-five thousand dollars ($25,000). A licensee, regardless of the number of licensed locations, shall maintain a net worth of at least twenty-five thousand dollars ($25,000) at all times.