Cal. Food & Agr. Code § 55405
Current through the 2023 Legislative Session.
"New value" includes any new advance or loan, whether in money or other property, which is made by a lender to a processor. It does not, however, include any extension or renewal of any existing obligation of the processor, nor any obligation which is substituted for such existing obligation.
Ca. Food and Agric. Code § 55405