California § 56252.2 - If the director is not satisfied that an applicant or licensee is financially res
Full text of California Public Contract Code - PCC § 56252.2 — If the director is not satisfied that an applicant or licensee is financially res, with citation guidance and answers to common questions.
§ 56252.2. If the director is not satisfied that an applicant or licensee is financially res
(a) If the director is not satisfied that an applicant or licensee is financially responsible, the director may, in lieu of denying, suspending, or revoking the license, accept an irrevocable guarantee of the obligations of the licensee to all California farm products creditors. The guarantee shall be for any periods and in any amounts that the director may from time to time require. The director may, as a condition of accepting and maintaining the guarantee, require the guarantor to supply financial information to the director at times and to the extent the director deems advisable. (b) A guarantee placed with the director pursuant to subdivision (a) shall support an action in a court of competent jurisdiction by a farm products creditor for obligations of the licensee to the creditor and by a state officer for the obligations of the licensee to the state related to transactions subject to the guarantee.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 56252.2
What does Public Contract Code - PCC § 56252.2 cover?
Section 56252.2 ("If the director is not satisfied that an applicant or licensee is financially res") 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 § 56252.2?
A common citation format is "Public Contract Code - PCC § 56252.2" (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 § 56252.2 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.