California § 1733 - All funds received by any person acting as a licensee under this chapter, Chapter
Full text of California Public Contract Code - PCC § 1733 — All funds received by any person acting as a licensee under this chapter, Chapter, with citation guidance and answers to common questions.
§ 1733. All funds received by any person acting as a licensee under this chapter, Chapter
All funds received by any person acting as a licensee under this chapter, Chapter 5A (commencing with Section 1759), Chapter 6 (commencing with Section 1760), or Chapter 7 (commencing with Section 1800), as premium or return premium on or under any policy of insurance or undertaking of bail, are received and held by that person in that personâs fiduciary capacity. A person who diverts or appropriates those fiduciary funds to that personâs own use is guilty of theft and punishable for theft as provided by law. Any premium that a premium financer agrees to advance pursuant to the terms of a premium finance agreement shall constitute fiduciary funds as defined in this section only if actually received by a person licensed in one or more of the capacities herein specified.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1733
What does Public Contract Code - PCC § 1733 cover?
Section 1733 ("All funds received by any person acting as a licensee under this chapter, Chapter") 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 § 1733?
A common citation format is "Public Contract Code - PCC § 1733" (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 § 1733 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.