California § 415 - Nothing in this division shall be construed as a derogation of any rights or reme
Full text of California Public Contract Code - PCC § 415 — Nothing in this division shall be construed as a derogation of any rights or reme, with citation guidance and answers to common questions.
§ 415. Nothing in this division shall be construed as a derogation of any rights or reme
Nothing in this division shall be construed as a derogation of any rights or remedies which any creditor or shareholder may have against any promoter, shareholder, director, officer or the corporation because of participation in any fraud or illegality practiced upon such creditor or shareholder by any such person or by the corporation in connection with the issue or sale of shares or other securities or in derogation of any rights which the corporation may have by rescission, cancellation or otherwise because of any fraud or illegality practiced on it by any such person in connection with the issue or sale of shares or other securities.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 415
What does Public Contract Code - PCC § 415 cover?
Section 415 ("Nothing in this division shall be construed as a derogation of any rights or reme") 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 § 415?
A common citation format is "Public Contract Code - PCC § 415" (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 § 415 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.