California § 1858 - Nothing contained in this article shall prevent corporations from purchasing and
Full text of California Public Contract Code - PCC § 1858 — Nothing contained in this article shall prevent corporations from purchasing and, with citation guidance and answers to common questions.
§ 1858. Nothing contained in this article shall prevent corporations from purchasing and
Nothing contained in this article shall prevent corporations from purchasing and holding stock in any corporation where such purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith; and stock so purchased or acquired in corporations shall within six months from such purchase be sold or disposed of at public or private sale unless the time to so dispose of same is extended by the commissioner.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1858
What does Public Contract Code - PCC § 1858 cover?
Section 1858 ("Nothing contained in this article shall prevent corporations from purchasing and") 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 § 1858?
A common citation format is "Public Contract Code - PCC § 1858" (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 § 1858 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.