7 CFR 1425.10 - Financial ratio requirement.

Regulations last checked for updates: May 19, 2024

Title 7 - Agriculture last revised: Nov 16, 2024

View all text of Part 1425 [§ 1425.1 - § 1425.25]

§ 1425.10 - Financial ratio requirement.

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.

[63 FR 17312, Apr. 9, 1998, as amended at 80 FR 131, Jan. 2, 2015]

authority: 7 U.S.C. 1441 and 1421, 7 U.S.C. 7931-7939; and 15 U.S.C. 714b,714c,and

source: 63 FR 17312, Apr. 9, 1998, unless otherwise noted.

cite as: 7 CFR 1425.10