California § 6504 - Except by the prior written consent of the commissioner, an association in organi
Full text of California Public Contract Code - PCC § 6504 — Except by the prior written consent of the commissioner, an association in organi, with citation guidance and answers to common questions.
§ 6504. Except by the prior written consent of the commissioner, an association in organi
(a) Except by the prior written consent of the commissioner, an association in organization that is not a member of a federal home loan bank may borrow money from any source not more than an aggregate amount equal to 25 percent of its assets on the date of borrowing, and may pledge and otherwise encumber any of its assets to secure its debts. (b) An association that is a member of a federal home loan bank may borrow money from any source without limitation and may pledge and otherwise encumber any of its assets to secure its debts or savings accounts.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 6504
What does Public Contract Code - PCC § 6504 cover?
Section 6504 ("Except by the prior written consent of the commissioner, an association in organi") 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 § 6504?
A common citation format is "Public Contract Code - PCC § 6504" (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 § 6504 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.