California § 682 - Expenses and claims of unsecured creditors have priority in the following order:
Full text of California Public Contract Code - PCC § 682 — Expenses and claims of unsecured creditors have priority in the following order:, with citation guidance and answers to common questions.
§ 682. Expenses and claims of unsecured creditors have priority in the following order:
(a) Expenses and claims of unsecured creditors have priority in the following order: (1) Expenses of liquidation and approved claims for fees and assessments due the department. (2) Approved claims given priority under other provisions of state or federal law, including, but not limited to, Sections 676 and 710. (3) Approved claims for âdeposits,â as that term is defined in 12 U.S.C. Section 1813(l), but including obligations of the type described in 12 U.S.C. Section 1813(l)(5)(A) and (B). (4) Approved claims for other general liabilities. (5) Approved claims for obligations subordinated to deposits and other general liabilities. (b) Interest shall be given the same priority as the claim on which it is based, but no interest shall be paid on any claim until the principal of all claims within the same class has been paid or adequately provided for in full. (c) Any funds remaining shall be paid to the members or shareholders, as appropriate.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 682
What does Public Contract Code - PCC § 682 cover?
Section 682 ("Expenses and claims of unsecured creditors have priority in the following order:") 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 § 682?
A common citation format is "Public Contract Code - PCC § 682" (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 § 682 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.