§1425.10. Financial ratio requirement.
7 C.F.R. § 1425.10
To be financially able to make advances to their members and to market their commodities, CMA's must have a current ratio of at least 1 dollar of current assets for each 1 dollar of current liabilities (current ratio of 1:1 or better) on the balance sheet it submits to CCC with its initial application or annual recertification required in § 1425.4.
Notes, amendments, and revision history
Amendments
[63 FR 17312, Apr. 9, 1998, as amended at 80 FR 131, Jan. 2, 2015]
Authority
Authority: 7 U.S.C. 1441 and 1421, 7 U.S.C. 7931-7939; and 15 U.S.C. 714b, 714c, and 714j.
Source
Source: 63 FR 17312, Apr. 9, 1998, unless otherwise noted.
Amendments
[63 FR 17312, Apr. 9, 1998, as amended at 80 FR 131, Jan. 2, 2015]