California § 63030 - Bonds issued by the bank or a special purpose trust are legal investments for all
Full text of California Public Contract Code - PCC § 63030 — Bonds issued by the bank or a special purpose trust are legal investments for all, with citation guidance and answers to common questions.
§ 63030. Bonds issued by the bank or a special purpose trust are legal investments for all
Bonds issued by the bank or a special purpose trust are legal investments for all trust funds, the funds of all insurance companies, banks, both commercial and savings, trust companies, executors, administrators, trustees, and other fiduciaries, for state school funds, pension funds, and for any funds that may be invested in county, school, or municipal bonds. These bonds are securities that may legally be deposited with, and received by, any state or municipal officer or agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state is now, or may hereafter be, authorized by law, including, deposits to secure public funds.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 63030
What does Public Contract Code - PCC § 63030 cover?
Section 63030 ("Bonds issued by the bank or a special purpose trust are legal investments for all") 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 § 63030?
A common citation format is "Public Contract Code - PCC § 63030" (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 § 63030 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.