California § 5905 - One or more state or local governments may cause to be formed, and may acquire al
Full text of California Public Contract Code - PCC § 5905 — One or more state or local governments may cause to be formed, and may acquire al, with citation guidance and answers to common questions.
§ 5905. One or more state or local governments may cause to be formed, and may acquire al
One or more state or local governments may cause to be formed, and may acquire all, but not less than all, of the voting stock in, one or more corporations, not chartered by a state or federal agency as a depository institution, but organized for the purpose of undertaking financing programs approved by each legislative body and found by each legislative body to be of benefit to the state or local government.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5905
What does Public Contract Code - PCC § 5905 cover?
Section 5905 ("One or more state or local governments may cause to be formed, and may acquire al") 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 § 5905?
A common citation format is "Public Contract Code - PCC § 5905" (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 § 5905 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.