California § 1002.4 - A resolution of issuance may provide for the call and redemption of debentures is
Full text of California Public Contract Code - PCC § 1002.4 — A resolution of issuance may provide for the call and redemption of debentures is, with citation guidance and answers to common questions.
§ 1002.4. A resolution of issuance may provide for the call and redemption of debentures is
A resolution of issuance may provide for the call and redemption of debentures issued thereunder, upon such terms, conditions and notice, and upon the payment of such premium, as may be fixed in said resolution. For any authorized issuance of debentures, the resolution may provide the department with discretion to determine the prices, terms and conditions for redemption, and the amount of premium, if any, not to exceed the maximum amount authorized in the resolution. No debenture shall be subject to call or redemption prior to its fixed maturity date unless the right to exercise such call is expressly stated on the face of the debenture.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1002.4
What does Public Contract Code - PCC § 1002.4 cover?
Section 1002.4 ("A resolution of issuance may provide for the call and redemption of debentures is") 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 § 1002.4?
A common citation format is "Public Contract Code - PCC § 1002.4" (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 § 1002.4 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.