There is a newer version of the California Code
2012 California Codes
BPC - Business and Professions Code
DIVISION 9 - ALCOHOLIC BEVERAGES [23000 - 25762]
CHAPTER 5 - Restrictions on Issuance of Licenses
ARTICLE 1 - In General
Section 23778
CA Bus & Prof Code § 23778 (through 2013 Leg Sess) What's This?
A distilled spirits wholesaler’s license shall not be held by any person unless at all times throughout the license year he has on his wholesale premises a reasonable stock of distilled spirits, as determined by the department, for which he has fully paid lawful money or its equivalent.
(Amended by Stats. 1955, Ch. 447.)
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