California § 5400 - No funds from proposed stockholders, members, or organizers of any proposed assoc
Full text of California Public Contract Code - PCC § 5400 — No funds from proposed stockholders, members, or organizers of any proposed assoc, with citation guidance and answers to common questions.
§ 5400. No funds from proposed stockholders, members, or organizers of any proposed assoc
(a) No funds from proposed stockholders, members, or organizers of any proposed association may be collected until a verified application for an organizing permit has been filed and a permit has been issued by the commissioner authorizing collection of funds, and then only in accordance with the terms of the permit. (b) As used in this chapter, the term âorganizerâ means a person who agrees to contribute funds to a proposed association to be used for its organization expenses.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5400
What does Public Contract Code - PCC § 5400 cover?
Section 5400 ("No funds from proposed stockholders, members, or organizers of any proposed assoc") 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 § 5400?
A common citation format is "Public Contract Code - PCC § 5400" (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 § 5400 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.