California § 24951 - If the rate of participation in the annuity contract and custodial account is les
Full text of California Public Contract Code - PCC § 24951 — If the rate of participation in the annuity contract and custodial account is les, with citation guidance and answers to common questions.
§ 24951. If the rate of participation in the annuity contract and custodial account is les
If the rate of participation in the annuity contract and custodial account is less than 2 percent of active members in the Defined Benefit Program upon the completion of the initial five years of administration, the board may elect to terminate the offering of the annuity contract and custodial account as described in Section 403(b) of the Internal Revenue Code of 1986. The board shall provide two yearsâ notice to the annuity contract and custodial account participants of its intention to terminate.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24951
What does Public Contract Code - PCC § 24951 cover?
Section 24951 ("If the rate of participation in the annuity contract and custodial account is les") 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 § 24951?
A common citation format is "Public Contract Code - PCC § 24951" (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 § 24951 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.