California § 406 - Any property put up by an employee, or applicant as a part of the contract of emp
Full text of California Public Contract Code - PCC § 406 — Any property put up by an employee, or applicant as a part of the contract of emp, with citation guidance and answers to common questions.
§ 406. Any property put up by an employee, or applicant as a part of the contract of emp
Any property put up by an employee, or applicant as a part of the contract of employment, directly or indirectly, shall be deemed to be put up as a bond and is subject to the provisions of this article whether the property is put up on a note or as a loan or an investment and regardless of the wording of the agreement under which it is put up.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 406
What does Public Contract Code - PCC § 406 cover?
Section 406 ("Any property put up by an employee, or applicant as a part of the contract of emp") 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 § 406?
A common citation format is "Public Contract Code - PCC § 406" (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 § 406 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.