California § 1573 - Such money or securities shall be approved by the commissioner and be deposited w
Full text of California Public Contract Code - PCC § 1573 — Such money or securities shall be approved by the commissioner and be deposited w, with citation guidance and answers to common questions.
§ 1573. Such money or securities shall be approved by the commissioner and be deposited w
Such money or securities shall be approved by the commissioner and be deposited with the Treasurer upon the written order of the commissioner. Upon receiving any such deposit the Treasurer shall give his or her receipt therefor and thereafter subject to the provisions of this chapter shall hold such deposits for the sole benefit of the beneficiaries of the class of trust business for the security and protection of which the same were deposited. The state is responsible for the custody and safe return of any money or securities so deposited. The Treasurer shall deposit any such moneys under the provisions of Sections 16370 to 16375 of the Government Code.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1573
What does Public Contract Code - PCC § 1573 cover?
Section 1573 ("Such money or securities shall be approved by the commissioner and be deposited w") 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 § 1573?
A common citation format is "Public Contract Code - PCC § 1573" (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 § 1573 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.