California § 1005.2 - The department may in any resolution of issuance define the events of default inc
Full text of California Public Contract Code - PCC § 1005.2 — The department may in any resolution of issuance define the events of default inc, with citation guidance and answers to common questions.
§ 1005.2. The department may in any resolution of issuance define the events of default inc
The department may in any resolution of issuance define the events of default including among others default in the payment of the principal or interest upon or premium due upon any debentures or default by the department in the observance of any of the covenants, agreements or conditions on its part to be performed under the resolution of issuance and may provide that upon the happening of any such event of default the holders of not less than the majority in aggregate principal amount of the debentures at the time outstanding will be entitled to declare the principal of all of the debentures then outstanding and the interest accrued thereon to be immediately due and payable.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1005.2
What does Public Contract Code - PCC § 1005.2 cover?
Section 1005.2 ("The department may in any resolution of issuance define the events of default inc") 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 § 1005.2?
A common citation format is "Public Contract Code - PCC § 1005.2" (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 § 1005.2 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.