California § 11122.1 - A society may, if authorized by a resolution of its supreme legislative or govern
Full text of California Public Contract Code - PCC § 11122.1 — A society may, if authorized by a resolution of its supreme legislative or govern, with citation guidance and answers to common questions.
§ 11122.1. A society may, if authorized by a resolution of its supreme legislative or govern
A society may, if authorized by a resolution of its supreme legislative or governing body, establish and operate one or more separate accounts and issue contracts on a variable basis to persons as specified in Section 11041, subject to compliance with the applicable laws. To the extent a society finds it necessary to comply with federal or state law, or regulations issued under state or federal law, a society may do the following: (a) Adopt special procedures for conducting the business of the separate account. (b) Provide special voting and other rights for a person with a beneficial interest in the special account, including, but not limited to, rights and procedures relating to investment policy, investment advisory services, selecting certified public accountants, and selecting a committee to manage the account. (c) Issue contracts on a variable basis that are exempted from the requirements of Sections 11062, 11064, and 11065.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 11122.1
What does Public Contract Code - PCC § 11122.1 cover?
Section 11122.1 ("A society may, if authorized by a resolution of its supreme legislative or govern") 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 § 11122.1?
A common citation format is "Public Contract Code - PCC § 11122.1" (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 § 11122.1 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.