California § 25014.5
Full text of California Public Contract Code - PCC § 25014.5, with citation guidance and answers to common questions.
§ 25014.5.
âRollup participantâ means a finite-life limited partnership. (a) Except as provided in subdivision (b) of Section 25014.6, a limited partnership has âfinite-lifeâ if both of the following apply: (1) It operates as a conduit vehicle for investors to participate in the ownership of assets for a limited period of time. (2) It has a policy or purpose of distributing to investors substantially all proceeds from the sale, financing, or refinancing of assets, whether for the term of the partnership or after an initial period of time following commencement of operations, rather than reinvesting those proceeds in the business. (b) Rollup participant does not include any partnership registered under the Investment Company Act of 1940 or any business development company as defined in Section 80a-2(48) of Title 15 of the United States Code.
Frequently Asked Questions About California § 25014.5
What does Public Contract Code - PCC § 25014.5 cover?
Section 25014.5 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 § 25014.5?
A common citation format is "Public Contract Code - PCC § 25014.5" (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 § 25014.5 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.