California § 1340 - Unless specifically authorized by law or by the commissioner, a bank shall not be
Full text of California Public Contract Code - PCC § 1340 — Unless specifically authorized by law or by the commissioner, a bank shall not be, with citation guidance and answers to common questions.
§ 1340. Unless specifically authorized by law or by the commissioner, a bank shall not be
Unless specifically authorized by law or by the commissioner, a bank shall not become, act as, or in any other manner assume the duties or liabilities of, a general partner. For purposes of this section, âgeneral partnerâ has the meaning set forth in subdivision (m) of Section 15901.02 of the Corporations Code.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1340
What does Public Contract Code - PCC § 1340 cover?
Section 1340 ("Unless specifically authorized by law or by the commissioner, a bank shall not be") 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 § 1340?
A common citation format is "Public Contract Code - PCC § 1340" (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 § 1340 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.