California § 1869 - No corporation shall, either directly or indirectly, make any discount to any per
Full text of California Public Contract Code - PCC § 1869 — No corporation shall, either directly or indirectly, make any discount to any per, with citation guidance and answers to common questions.
§ 1869. No corporation shall, either directly or indirectly, make any discount to any per
No corporation shall, either directly or indirectly, make any discount to any person for the purpose of enabling him to pay for or hold shares of its stock either subscribed for or purchased by him. Any corporation making any such discount shall forfeit to the people of the state twice the amount of such discount.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1869
What does Public Contract Code - PCC § 1869 cover?
Section 1869 ("No corporation shall, either directly or indirectly, make any discount to any per") 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 § 1869?
A common citation format is "Public Contract Code - PCC § 1869" (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 § 1869 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.