California § 1461 - Assets hypothecated by a commercial bank as security for moneys borrowed shall no
Full text of California Public Contract Code - PCC § 1461 — Assets hypothecated by a commercial bank as security for moneys borrowed shall no, with citation guidance and answers to common questions.
§ 1461. Assets hypothecated by a commercial bank as security for moneys borrowed shall no
Assets hypothecated by a commercial bank as security for moneys borrowed shall not exceed in value the amount borrowed by more than 50 percent except with the prior written consent of the commissioner.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1461
What does Public Contract Code - PCC § 1461 cover?
Section 1461 ("Assets hypothecated by a commercial bank as security for moneys borrowed shall no") 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 § 1461?
A common citation format is "Public Contract Code - PCC § 1461" (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 § 1461 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.