California § 18505 - After consultation with, and approval by, the Thrift Guaranty Corporation, the co
Full text of California Public Contract Code - PCC § 18505 — After consultation with, and approval by, the Thrift Guaranty Corporation, the co, with citation guidance and answers to common questions.
§ 18505. After consultation with, and approval by, the Thrift Guaranty Corporation, the co
(a) After consultation with, and approval by, the Thrift Guaranty Corporation, the commissioner shall adopt rules and regulations regarding information to be given to holders of investment certificates of industrial loan companies including, but not limited to, information containing any reference to a guarantee or insurance program of investment certificates, and the time and conditions for payments to the holders of investment certificates, in the event an industrial loan company is taken over by the commissioner. These regulations shall include the means for informing investment certificate holders of their rights. (b) It is the intent of the Legislature that the commissioner authorize information which can be clearly understood by a typical investment certificate holder. In addition, the information may in no way imply that the State of California stands behind or is involved with any type of guarantee or insurance program for industrial loan companies investment certificate holders. (c) These rules and regulations shall be adopted on an emergency basis within 60 days of the effective date of this section.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18505
What does Public Contract Code - PCC § 18505 cover?
Section 18505 ("After consultation with, and approval by, the Thrift Guaranty Corporation, the co") 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 § 18505?
A common citation format is "Public Contract Code - PCC § 18505" (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 § 18505 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.