California § 1887 - Every foreign corporation, before receiving a license to transact business in thi
Full text of California Public Contract Code - PCC § 1887 — Every foreign corporation, before receiving a license to transact business in thi, with citation guidance and answers to common questions.
§ 1887. Every foreign corporation, before receiving a license to transact business in thi
Every foreign corporation, before receiving a license to transact business in this state, shall deposit with the State Treasurer of the State of California upon authorization of the commissioner, in trust as security for the depositors with and creditors of such corporation in this state, lawful money of the United States or securities of the kind and character described in Article 3 (commencing at Section 1570) of Chapter 16, of the value of one hundred thousand dollars ($100,000). Such foreign corporation so long as it shall continue solvent and comply with the laws of this state, may be permitted by the commissioner to collect the interest on the securities so deposited and from time to time to exchange such securities for others, and examine and compare such securities, as provided by said article.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1887
What does Public Contract Code - PCC § 1887 cover?
Section 1887 ("Every foreign corporation, before receiving a license to transact business in thi") 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 § 1887?
A common citation format is "Public Contract Code - PCC § 1887" (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 § 1887 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.