California § 16103 - A foreign (other state) credit union that is licensed to establish and maintain a
Full text of California Public Contract Code - PCC § 16103 — A foreign (other state) credit union that is licensed to establish and maintain a, with citation guidance and answers to common questions.
§ 16103. A foreign (other state) credit union that is licensed to establish and maintain a
(a) A foreign (other state) credit union that is licensed to establish and maintain an office or offices in this state shall keep the assets of the offices separate and apart from the assets of its business outside this state, if required by written order of the commissioner. (b) Persons who are creditors of a foreign (other state) credit union as a result of the business of an office of the foreign (other state) credit union in this state shall be entitled to priority over other creditors with respect to the assets of the business in this state of the foreign (other state) credit union.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 16103
What does Public Contract Code - PCC § 16103 cover?
Section 16103 ("A foreign (other state) credit union that is licensed to establish and maintain a") 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 § 16103?
A common citation format is "Public Contract Code - PCC § 16103" (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 § 16103 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.