California § 1856 - Except with the approval of the commissioner, no corporation shall invest in any
Full text of California Public Contract Code - PCC § 1856 — Except with the approval of the commissioner, no corporation shall invest in any, with citation guidance and answers to common questions.
§ 1856. Except with the approval of the commissioner, no corporation shall invest in any
Except with the approval of the commissioner, no corporation shall invest in any one corporation an amount in excess of 10 percent of its own shareholdersâ equity, except in a corporation engaged in the business of banking, when 15 percent of its shareholdersâ equity may be so invested.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1856
What does Public Contract Code - PCC § 1856 cover?
Section 1856 ("Except with the approval of the commissioner, no corporation shall invest in any") 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 § 1856?
A common citation format is "Public Contract Code - PCC § 1856" (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 § 1856 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.