California § 12355 - Except on withdrawal of the insurer from this State, or substitution pursuant to
Full text of California Public Contract Code - PCC § 12355 — Except on withdrawal of the insurer from this State, or substitution pursuant to, with citation guidance and answers to common questions.
§ 12355. Except on withdrawal of the insurer from this State, or substitution pursuant to
Except on withdrawal of the insurer from this State, or substitution pursuant to section 12353, assets in the deposit in this State shall be subject to final sale, transfer, and disposal of the proceeds thereof by the commissioner only on the order of a court of competent jurisdiction and for the security and protection of the holders of, or beneficiaries under, the depositing insurers title insurance policies.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12355
What does Public Contract Code - PCC § 12355 cover?
Section 12355 ("Except on withdrawal of the insurer from this State, or substitution pursuant to") 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 § 12355?
A common citation format is "Public Contract Code - PCC § 12355" (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 § 12355 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.