The Accounts Receivable Management Act
Known as the Accounts Receivable Management Act
The act spans §§ 16580–16586 (9 sections).
Added by Stats. 1994, Ch. 1224, Sec. 1
(a) Each participant shall allocate collection resources based on giving highest priority to those accounts with the highest expected return.
(b) Each participant shall consult with the Franchise Tax Board or any other state agency that has successfully established an effective accounts receivable collection system.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.