Section 56253 Of Article 6. Financing Charges And Financial Statements From California Food And Agricultural Code >> Division 20. >> Chapter 7. >> Article 6.
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. 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.