California § 18025 - No person shall use a holding company or any other device for the purpose of evad
Full text of California Public Contract Code - PCC § 18025 — No person shall use a holding company or any other device for the purpose of evad, with citation guidance and answers to common questions.
§ 18025. No person shall use a holding company or any other device for the purpose of evad
No person shall use a holding company or any other device for the purpose of evading or avoiding any of the provisions of this division. This section shall not affect the right of a holding company to issue preferred stock or debentures when permitted to do so under the Corporate Securities Law of 1968. âHolding companyâ means any company which directly or through one or more intervening subsidiaries, whether or not wholly owned, controls or has the power to control a majority of the shares of an industrial loan company.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18025
What does Public Contract Code - PCC § 18025 cover?
Section 18025 ("No person shall use a holding company or any other device for the purpose of evad") 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 § 18025?
A common citation format is "Public Contract Code - PCC § 18025" (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 § 18025 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.