California § 1120 - A bank may, with the approval of its board, determine and from time to time redet
Full text of California Public Contract Code - PCC § 1120 — A bank may, with the approval of its board, determine and from time to time redet, with citation guidance and answers to common questions.
§ 1120. A bank may, with the approval of its board, determine and from time to time redet
A bank may, with the approval of its board, determine and from time to time redetermine the par value of any class or series of its shares unless its articles provide that such shares shall have par value and specify the par value of such shares.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1120
What does Public Contract Code - PCC § 1120 cover?
Section 1120 ("A bank may, with the approval of its board, determine and from time to time redet") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1120?
A common citation format is "Public Contract Code - PCC § 1120" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1120 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.