It is a violation of this chapter if any commission merchant who collects or receives funds in connection with the sale of consigned farm products has made any use or disposition of these funds in his or her possession or control that endangers or impairs faithful and prompt payment to the consignor of the product or to any other person having a financial interest therein.
Cal. Food & Agric. Code § 56623
Violations
Applied in 1 court decision — leading case Fischer v. MacHado (1996)
Most recently applied in Fischer v. MacHado (October 1996)
Added by Stats. 1986, Ch. 942, Sec. 15.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.