California § 57459 - Until payment, or provision for payment, has been made of all principal, interest
Full text of California Public Contract Code - PCC § 57459 — Until payment, or provision for payment, has been made of all principal, interest, with citation guidance and answers to common questions.
§ 57459. Until payment, or provision for payment, has been made of all principal, interest
Until payment, or provision for payment, has been made of all principal, interest, and any other amounts owing on account of any outstanding bonds, contracts, or other obligations which are payable in whole or in part from the revenues of a revenue-producing enterprise of the dissolved district, the successor shall not do either of the following: (a) Sell, encumber, or otherwise dispose of all or any part of the revenue-producing enterprise or the revenues derived from that enterprise, except as expressly authorized by the ordinance, resolution, or indenture authorizing or providing for the issuance of any of the bonds, contracts, or other obligations. (b) Distribute less than the whole of the revenue-producing enterprise to any city or county.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 57459
What does Public Contract Code - PCC § 57459 cover?
Section 57459 ("Until payment, or provision for payment, has been made of all principal, interest") 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 § 57459?
A common citation format is "Public Contract Code - PCC § 57459" (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 § 57459 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.