California § 18060 - Except as provided in subdivision (b), industrial loan company which issues thrif
Full text of California Public Contract Code - PCC § 18060 — Except as provided in subdivision (b), industrial loan company which issues thrif, with citation guidance and answers to common questions.
§ 18060. Except as provided in subdivision (b), industrial loan company which issues thrif
(a) Except as provided in subdivision (b), industrial loan company which issues thrift certificates shall not use any thrift advertisement which refers to the industrial loan companyâs ownership by, or affiliation with, any other entity unless the advertisement also discloses in as prominent a manner and as large a type size as the referenced ownership or affiliation was stated, whether or not the owner or affiliate so named guarantees thrift certificates issued by the industrial loan company. (b) (1) Subdivision (a) applies to an insured company when the other entity guarantees the thrift certificates issued by the insured company. (2) Subdivision (a) does not apply to an insured company when the other entity does not guarantee the thrift certificates issued by the insured company and the advertisement referring to the insured companyâs ownership by, or affiliation with, the other entity does not state or imply that the assets or reserves of the other entity may be used to guarantee thrift certificates of the insured company.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18060
What does Public Contract Code - PCC § 18060 cover?
Section 18060 ("Except as provided in subdivision (b), industrial loan company which issues thrif") 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 § 18060?
A common citation format is "Public Contract Code - PCC § 18060" (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 § 18060 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.