California § 1134 - Notwithstanding the provisions of Section 1132, a bank may: (a) With the prior ap
Full text of California Public Contract Code - PCC § 1134 — Notwithstanding the provisions of Section 1132, a bank may: (a) With the prior ap, with citation guidance and answers to common questions.
§ 1134. Notwithstanding the provisions of Section 1132, a bank may: (a) With the prior ap
Notwithstanding the provisions of Section 1132, a bank may: (a) With the prior approval of the commissioner, make a distribution to its shareholders by means of redeeming its redeemable shares; and (b) With the prior approval of its outstanding shares and of the commissioner, otherwise make a distribution to its shareholders in connection with a reduction of its contributed capital.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1134
What does Public Contract Code - PCC § 1134 cover?
Section 1134 ("Notwithstanding the provisions of Section 1132, a bank may: (a) With the prior ap") 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 § 1134?
A common citation format is "Public Contract Code - PCC § 1134" (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 § 1134 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.