California § 1029 - A claim of a secured claimant shall not be allowed in a sum greater than the exce
Full text of California Public Contract Code - PCC § 1029 — A claim of a secured claimant shall not be allowed in a sum greater than the exce, with citation guidance and answers to common questions.
§ 1029. A claim of a secured claimant shall not be allowed in a sum greater than the exce
A claim of a secured claimant shall not be allowed in a sum greater than the excess over the value of the security of the amount for which the claim would be allowable if unsecured, unless the claimant surrenders the security to the liquidator. Upon such surrender the claim may be allowed in the full amount for which it is valued.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1029
What does Public Contract Code - PCC § 1029 cover?
Section 1029 ("A claim of a secured claimant shall not be allowed in a sum greater than the exce") 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 § 1029?
A common citation format is "Public Contract Code - PCC § 1029" (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 § 1029 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.