California § 700 - Whenever any licensee is being liquidated or whenever the trust business of any l
Full text of California Public Contract Code - PCC § 700 — Whenever any licensee is being liquidated or whenever the trust business of any l, with citation guidance and answers to common questions.
§ 700. Whenever any licensee is being liquidated or whenever the trust business of any l
Whenever any licensee is being liquidated or whenever the trust business of any licensee has been discontinued and the licensee has in its possession money or other property held by it in trust or for safekeeping and the beneficiaries or persons entitled thereto are unknown or cannot be found, the commissioner or the licensee, upon obtaining approval of the superior court of the county in which the liquidation proceedings are pending or in which the head office of the licensee is situated, may do the following: (a) In the case of money, deliver it to the Treasurer. (b) In the case of other property, deliver it to the Controller for deposit in the State Treasury.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 700
What does Public Contract Code - PCC § 700 cover?
Section 700 ("Whenever any licensee is being liquidated or whenever the trust business of any l") 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 § 700?
A common citation format is "Public Contract Code - PCC § 700" (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 § 700 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.