California § 652 - When any plan of reorganization becomes effective, all books, records, and assets
Full text of California Public Contract Code - PCC § 652 — When any plan of reorganization becomes effective, all books, records, and assets, with citation guidance and answers to common questions.
§ 652. When any plan of reorganization becomes effective, all books, records, and assets
When any plan of reorganization becomes effective, all books, records, and assets of the licensee shall be disposed of in accordance with the provisions of the plan and the affairs of the licensee shall be conducted by its board in the manner provided by the plan and under the conditions, restrictions, and limitations that may have been prescribed by the commissioner. When any plan of reorganization adopted and approved as herein provided becomes effective, all customers and other creditors and, if applicable, stockholders of the licensee, whether or not they have consented to the plan of reorganization, shall be fully and in all respects subject to and bound by the planâs provisions and the claims of all customers and other creditors shall be treated as if they had consented to the plan of reorganization.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 652
What does Public Contract Code - PCC § 652 cover?
Section 652 ("When any plan of reorganization becomes effective, all books, records, and assets") 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 § 652?
A common citation format is "Public Contract Code - PCC § 652" (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 § 652 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.