California § 1173 - Such insurers may invest in obligations issued under authority of law by any coun
Full text of California Public Contract Code - PCC § 1173 — Such insurers may invest in obligations issued under authority of law by any coun, with citation guidance and answers to common questions.
§ 1173. Such insurers may invest in obligations issued under authority of law by any coun
Such insurers may invest in obligations issued under authority of law by any county, municipality, or school district in this State or in any other state, or in any province of the Dominion of Canada or in any political subdivision of the Commonwealth of Puerto Rico, if the obligor has not within two years next preceding the investment defaulted for more than 90 days in the payment of any part of either principal or interest upon any legally authorized obligation issued by it, and the obligations of the state or province or political subdivision in which it is located are legal for investment under the provisions of Sections 1172 or 1174.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1173
What does Public Contract Code - PCC § 1173 cover?
Section 1173 ("Such insurers may invest in obligations issued under authority of law by any coun") 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 § 1173?
A common citation format is "Public Contract Code - PCC § 1173" (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 § 1173 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.