California § 6157 - Every savings association subject to the new director or senior executive officer
Full text of California Public Contract Code - PCC § 6157 — Every savings association subject to the new director or senior executive officer, with citation guidance and answers to common questions.
§ 6157. Every savings association subject to the new director or senior executive officer
Every savings association subject to the new director or senior executive officer notice requirements of Section 32 of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1831i) based upon recent chartering or change of control or failure to maintain the minimum required capital or otherwise troubled condition shall provide the commissioner, at the same time the notice is submitted to the appropriate federal agency, with a copy of the notification submitted in compliance with that requirement.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 6157
What does Public Contract Code - PCC § 6157 cover?
Section 6157 ("Every savings association subject to the new director or senior executive officer") 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 § 6157?
A common citation format is "Public Contract Code - PCC § 6157" (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 § 6157 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.