California § 506 - Every trustee, banker, merchant, broker, attorney, agent, assignee in trust, exec
Full text of California Public Contract Code - PCC § 506 — Every trustee, banker, merchant, broker, attorney, agent, assignee in trust, exec, with citation guidance and answers to common questions.
§ 506. Every trustee, banker, merchant, broker, attorney, agent, assignee in trust, exec
Every trustee, banker, merchant, broker, attorney, agent, assignee in trust, executor, administrator, or collector, or person otherwise intrusted with or having in his control property for the use of any other person, who fraudulently appropriates it to any use or purpose not in the due and lawful execution of his trust, or secretes it with a fraudulent intent to appropriate it to such use or purpose, and any contractor who appropriates money paid to him for any use or purpose, other than for that which he received it, is guilty of embezzlement, and the payment of laborers and materialmen for work performed or material furnished in the performance of any contract is hereby declared to be the use and purpose to which the contract price of such contract, or any part thereof, received by the contractor shall be applied.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 506
What does Public Contract Code - PCC § 506 cover?
Section 506 ("Every trustee, banker, merchant, broker, attorney, agent, assignee in trust, exec") 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 § 506?
A common citation format is "Public Contract Code - PCC § 506" (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 § 506 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.