California § 16239 - The trustee has the power to deposit securities in a securities depository, as de
Full text of California Public Contract Code - PCC § 16239 — The trustee has the power to deposit securities in a securities depository, as de, with citation guidance and answers to common questions.
§ 16239. The trustee has the power to deposit securities in a securities depository, as de
The trustee has the power to deposit securities in a securities depository, as defined in Section 30004 of the Financial Code, which is licensed under Section 30200 of the Financial Code or is exempt from licensing by Section 30005 or 30006 of the Financial Code. The securities may be held by the securities depository in the manner authorized by Section 775 of the Financial Code.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 16239
What does Public Contract Code - PCC § 16239 cover?
Section 16239 ("The trustee has the power to deposit securities in a securities depository, as de") 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 § 16239?
A common citation format is "Public Contract Code - PCC § 16239" (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 § 16239 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.