California § 45308.55 - Notwithstanding Section 45308.1 the board may also invest in any stocks or shares
Full text of California Public Contract Code - PCC § 45308.55 — Notwithstanding Section 45308.1 the board may also invest in any stocks or shares, with citation guidance and answers to common questions.
§ 45308.55. Notwithstanding Section 45308.1 the board may also invest in any stocks or shares
Notwithstanding Section 45308.1 the board may also invest in any stocks or shares of a diversified management investment company registered under the âInvestment Company Act of 1940â which has total assets of at least fifty million dollars ($50,000,000); except that the total investment in such stocks and shares, together with stocks and shares of all other corporations, may not exceed 25 percent of the assets of such fund determined on the basis of the cost of the stocks or shares.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 45308.55
What does Public Contract Code - PCC § 45308.55 cover?
Section 45308.55 ("Notwithstanding Section 45308.1 the board may also invest in any stocks or shares") 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 § 45308.55?
A common citation format is "Public Contract Code - PCC § 45308.55" (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 § 45308.55 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.