California § 15458 - Upon dissolution of the authority, title to all property owned by the authority s
Full text of California Public Contract Code - PCC § 15458 — Upon dissolution of the authority, title to all property owned by the authority s, with citation guidance and answers to common questions.
§ 15458. Upon dissolution of the authority, title to all property owned by the authority s
Upon dissolution of the authority, title to all property owned by the authority shall vest in the successor authority created by the Legislature, if any, if such successor authority qualifies under Section 103 of the federal Internal Revenue Code of 1954, as amended, and the regulations promulgated thereunder, as an authority entitled to issue obligations on behalf of the State of California the interest on which is exempt from federal income taxation. If no such successor authority is so created, title to such property shall vest in the State of California.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 15458
What does Public Contract Code - PCC § 15458 cover?
Section 15458 ("Upon dissolution of the authority, title to all property owned by the authority s") 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 § 15458?
A common citation format is "Public Contract Code - PCC § 15458" (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 § 15458 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.