California § 1823 - All surety companies which execute undertakings of bail shall keep any moneys col
Full text of California Public Contract Code - PCC § 1823 — All surety companies which execute undertakings of bail shall keep any moneys col, with citation guidance and answers to common questions.
§ 1823. All surety companies which execute undertakings of bail shall keep any moneys col
All surety companies which execute undertakings of bail shall keep any moneys collected from agents licensed pursuant to this code as buildup or reserve funds in segregated trust accounts within the state. These accounts shall be maintained as any of the following: (a) A Federal Deposit Insurance Corporation (FDIC) insured account. (b) United States government bonds and treasury certificates or other obligations for which the faith of the United States is pledged for the payment of principal and interest. (c) Repurchase agreements collateralized by securities issued by the United States government. (d) A money market fund that limits its portfolio to those securities listed in subdivisions (a) and (b). The accounts described in this section shall not be hypothecated or offered as collateral. The accounts described in this section shall be used to satisfy the unfulfilled obligations of the undertakings of bail written by the agents from whom the moneys have been collected and to otherwise satisfy the unfulfilled obligations which may be owing to the surety by those agents.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1823
What does Public Contract Code - PCC § 1823 cover?
Section 1823 ("All surety companies which execute undertakings of bail shall keep any moneys col") 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 § 1823?
A common citation format is "Public Contract Code - PCC § 1823" (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 § 1823 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.