California § 1471 - Subject to the limitations and exceptions in Sections 1481 and 1510, a bank may h

Full text of California Public Contract Code - PCC § 1471 — Subject to the limitations and exceptions in Sections 1481 and 1510, a bank may h, with citation guidance and answers to common questions.

§ 1471. Subject to the limitations and exceptions in Sections 1481 and 1510, a bank may h

(a) Subject to the limitations and exceptions in Sections 1481 and 1510, a bank may hold both obligations made by a person, and securities issued by that same person. (b) The total amount of obligations and securities held by a bank pursuant to subdivision (a) shall not exceed 25 percent of the sum of the shareholders’ equity, allowance for loan and lease losses, capital notes and debentures of the bank.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 1471

What does Public Contract Code - PCC § 1471 cover?

Section 1471 ("Subject to the limitations and exceptions in Sections 1481 and 1510, a bank may h") 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 § 1471?

A common citation format is "Public Contract Code - PCC § 1471" (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 § 1471 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.