California § 1197 - Excess funds investments shall not be made in a loan or any other obligation to a
Full text of California Public Contract Code - PCC § 1197 — Excess funds investments shall not be made in a loan or any other obligation to a, with citation guidance and answers to common questions.
§ 1197. Excess funds investments shall not be made in a loan or any other obligation to a
Excess funds investments shall not be made in a loan or any other obligation to any one borrower or obligor, including all affiliates which shall be treated as one borrower or obligor, in an amount exceeding 10 percent of the capital stock and surplus or 1 percent of the admitted assets of the lending insurer, whichever amount is greater.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1197
What does Public Contract Code - PCC § 1197 cover?
Section 1197 ("Excess funds investments shall not be made in a loan or any other obligation to a") 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 § 1197?
A common citation format is "Public Contract Code - PCC § 1197" (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 § 1197 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.