California § 51203 - Upon making a determination that the financial status of a rental or cooperative
Full text of California Public Contract Code - PCC § 51203 — Upon making a determination that the financial status of a rental or cooperative, with citation guidance and answers to common questions.
§ 51203. Upon making a determination that the financial status of a rental or cooperative
Upon making a determination that the financial status of a rental or cooperative housing development is such as to jeopardize any economic interest of the agency in such housing development, the agency may assume managerial and financial control of the housing sponsor and may supervise and prescribe the activities of the housing sponsor in such manner and under such terms and conditions as the agency may stipulate in any contract with the housing sponsor. Such control may be exercised through appointment by the agency to the governing body of such housing sponsor of a number of new members sufficient to constitute a voting majority of the governing body thereof, notwithstanding the provisions of the articles of incorporation or other documents of organization of the housing sponsor.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 51203
What does Public Contract Code - PCC § 51203 cover?
Section 51203 ("Upon making a determination that the financial status of a rental or cooperative") 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 § 51203?
A common citation format is "Public Contract Code - PCC § 51203" (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 § 51203 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.