California Codes, Business and Professions Code - BPC, Division 9 — Alcoholic Beverages, Chapter 5 — Restrictions on Issuance of Licenses, Article 1 — In General, Section 23780
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.
Notes
Prohibits issuance or renewal of a distilled spirits wholesaler or rectifier license to a person who holds retailer funds on deposit when those funds were obtained to be applied, in whole or part, toward payment for a future delivery of distilled spirits to that retailer.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 23780 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-9/chapter-5/article-1/section-23780