California § 23007 - The applicant shall file with the application financial statements prepared in ac
Full text of California Public Contract Code - PCC § 23007 — The applicant shall file with the application financial statements prepared in ac, with citation guidance and answers to common questions.
§ 23007. The applicant shall file with the application financial statements prepared in ac
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.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 23007
What does Public Contract Code - PCC § 23007 cover?
Section 23007 ("The applicant shall file with the application financial statements prepared in ac") 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 § 23007?
A common citation format is "Public Contract Code - PCC § 23007" (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 § 23007 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.