California § 1330 - In this section,
Full text of California Public Contract Code - PCC § 1330 — In this section,, with citation guidance and answers to common questions.
§ 1330. In this section,
(a) In this section, âsubject personâ has the meaning set forth in subdivision (a) of Section 1329. (b) No subject person of a bank shall purchase, directly or indirectly, or be interested in the purchase of, any of the bankâs obligations or assets without the prior approval of the board of the directors of the bank and for an amount less than the then current market value. Every person violating this section shall be liable to the people of this state, for each offense, for twice the market value of the assets so purchased.
Frequently Asked Questions About California § 1330
What does Public Contract Code - PCC § 1330 cover?
Section 1330 ("In this section,") 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 § 1330?
A common citation format is "Public Contract Code - PCC § 1330" (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 § 1330 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.