Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter XIV - Commodity Credit Corporation, Department of Agriculture |
SubChapter B - Loans, Purchases, and Other Operations |
Part 1425 - Cooperative Marketing Associations |
§ 1425.10 - Financial ratio requirement.
Latest version.
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§ 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]