California § 12300.5 - An amount equal to all such funds received by a licensee shall be separated from
Full text of California Public Contract Code - PCC § 12300.5 — An amount equal to all such funds received by a licensee shall be separated from, with citation guidance and answers to common questions.
§ 12300.5. An amount equal to all such funds received by a licensee shall be separated from
An amount equal to all such funds received by a licensee shall be separated from the funds of the licensee and deposited in its trust account not later than the end of the next business day following receipt by such licensee. All such funds shall thereafter remain in such trust account and may be used for no purpose other than paying bills of said persons, or paying checks, drafts, money orders, or other commercial paper sold by the licensee except as otherwise provided in Section 12300.6.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12300.5
What does Public Contract Code - PCC § 12300.5 cover?
Section 12300.5 ("An amount equal to all such funds received by a licensee shall be separated from") 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 § 12300.5?
A common citation format is "Public Contract Code - PCC § 12300.5" (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 § 12300.5 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.