California § 53854 - Any note issued under this article may be negotiable, may be payable to order or
Full text of California Public Contract Code - PCC § 53854 — Any note issued under this article may be negotiable, may be payable to order or, with citation guidance and answers to common questions.
§ 53854. Any note issued under this article may be negotiable, may be payable to order or
Any note issued under this article may be negotiable, may be payable to order or to bearer and may be in any denomination. Such note shall be payable not later than the last day of the fiscal year in which it is issued; provided that such note may be made payable during the fiscal year succeeding the fiscal year in which issued, but in no event later than 15 months after the date of issue, when such note is payable only from revenue received or accrued during the fiscal year in which issued. Such note may bear interest not to exceed 10 percent per annum, payable as provided therein. Such interest may be represented by coupons attached to said note.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 53854
What does Public Contract Code - PCC § 53854 cover?
Section 53854 ("Any note issued under this article may be negotiable, may be payable to order or") 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 § 53854?
A common citation format is "Public Contract Code - PCC § 53854" (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 § 53854 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.