California § 18420.1 - No transaction involving real or personal property, investment or reinvestment of
Full text of California Public Contract Code - PCC § 18420.1 — No transaction involving real or personal property, investment or reinvestment of, with citation guidance and answers to common questions.
§ 18420.1. No transaction involving real or personal property, investment or reinvestment of
No transaction involving real or personal property, investment or reinvestment of funds or assets, or settlement or compromise of pending lawsuits shall be made without first obtaining permission of the court, and then only in accordance with such terms as the court may prescribe, when either of the following exist: (a) The principal sum of any obligation due the company or settlement or compromise of a pending lawsuit exceeds the sum of fifteen thousand dollars ($15,000). (b) The market value of any real or personal property, except obligations due the company, exceeds the sum of ten thousand dollars ($10,000).
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18420.1
What does Public Contract Code - PCC § 18420.1 cover?
Section 18420.1 ("No transaction involving real or personal property, investment or reinvestment of") 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 § 18420.1?
A common citation format is "Public Contract Code - PCC § 18420.1" (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 § 18420.1 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.