California § 12303 - Every licensee shall keep and use in his business books, accounts and records in
Full text of California Public Contract Code - PCC § 12303 — Every licensee shall keep and use in his business books, accounts and records in, with citation guidance and answers to common questions.
§ 12303. Every licensee shall keep and use in his business books, accounts and records in
Every licensee shall keep and use in his business books, accounts and records in accordance with good accounting practice and which will enable the commissioner to determine whether such licensee has violated the provisions of this division or the rules and regulations made by the commissioner. Every licensee shall preserve such books, accounts and records for at least four years after making the final entry on each transaction recorded therein. Such books, accounts and records shall be kept current, shall be maintained at the main office of the licensee and shall be available for inspection by the commissioner on demand during regular business hours. Nothing in this section shall be construed to require any licensee to keep an individual record of each individual fee charged in each transaction but the licensee shall be required to keep a record of the total charges made for any accounting period.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12303
What does Public Contract Code - PCC § 12303 cover?
Section 12303 ("Every licensee shall keep and use in his business books, accounts and records in") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 12303?
A common citation format is "Public Contract Code - PCC § 12303" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 12303 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.