Business and Professions Code 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.

Source: Section 23780, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=BPC§ionNum=23780.­ (updated Jan. 1, 1953; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 23780's source at ca​.gov