California § 692 - Whenever, in the opinion of the commissioner, the liquidation or reorganization o
Full text of California Public Contract Code - PCC § 692 — Whenever, in the opinion of the commissioner, the liquidation or reorganization o, with citation guidance and answers to common questions.
§ 692. Whenever, in the opinion of the commissioner, the liquidation or reorganization o
Whenever, in the opinion of the commissioner, the liquidation or reorganization of any licensee taken in charge by him or her would be facilitated, or the public interests and the interests of customers or stockholders would be served, the commissioner may borrow money on behalf of the licensee from any federal agency authorized to lend money to receivers, trustees, liquidating agents, or other agents or supervisory authorities in charge of licensees that are closed or in process of liquidation and, with approval of the court, the commissioner may secure any borrowings by the pledge of the assets of the licensee in any manner and amount the commissioner deems necessary, proper, or expedient.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 692
What does Public Contract Code - PCC § 692 cover?
Section 692 ("Whenever, in the opinion of the commissioner, the liquidation or reorganization o") 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 § 692?
A common citation format is "Public Contract Code - PCC § 692" (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 § 692 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.