California § 1371 - The Controller may sell, cash, redeem, exchange, or otherwise dispose of any secu
Full text of California Public Contract Code - PCC § 1371 — The Controller may sell, cash, redeem, exchange, or otherwise dispose of any secu, with citation guidance and answers to common questions.
§ 1371. The Controller may sell, cash, redeem, exchange, or otherwise dispose of any secu
The Controller may sell, cash, redeem, exchange, or otherwise dispose of any securities and all other classes of personal property, and may sell, cash, redeem, exchange, compromise, adjust, settle, or otherwise dispose of any accounts, debts, contractual rights, or other choses in action if, in his or her opinion, that action on his or her part is necessary or will tend to safeguard and conserve the interests of all parties, including the state, having any vested or expectant interest in the property.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1371
What does Public Contract Code - PCC § 1371 cover?
Section 1371 ("The Controller may sell, cash, redeem, exchange, or otherwise dispose of any secu") 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 § 1371?
A common citation format is "Public Contract Code - PCC § 1371" (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 § 1371 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.