California § 6509 - An association may act as depository for receipt of payments of federal or state
Full text of California Public Contract Code - PCC § 6509 — An association may act as depository for receipt of payments of federal or state, with citation guidance and answers to common questions.
§ 6509. An association may act as depository for receipt of payments of federal or state
An association may act as depository for receipt of payments of federal or state taxes and loan funds, and may satisfy any related federal or state statutory or regulatory requirements, including pledging of assets as collateral, payment of interest at prescribed rates, and, notwithstanding any other provision of this division, may issue the accounts subject to the right of immediate withdrawal.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 6509
What does Public Contract Code - PCC § 6509 cover?
Section 6509 ("An association may act as depository for receipt of payments of federal or state") 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 § 6509?
A common citation format is "Public Contract Code - PCC § 6509" (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 § 6509 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.