No distilled spirits wholesaler’s license or rectifier’s license shall be issued or renewed to any person who holds on deposit funds obtained from any retailer, which funds were obtained for the purpose of applying them, either in whole or in part, toward the payment of any future delivery of distilled spirits to the retailer.
Cal. Bus. & Prof. Code § 23780
In General
Known as the Alcoholic Beverage Control Act
The act spans §§ 23000–25762 (737 sections).
Added by Stats. 1953, Ch. 152.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.