California § 7001 - Whenever, under the laws of this state or otherwise, a deposit of securities is r
Full text of California Public Contract Code - PCC § 7001 — Whenever, under the laws of this state or otherwise, a deposit of securities is r, with citation guidance and answers to common questions.
§ 7001. Whenever, under the laws of this state or otherwise, a deposit of securities is r
(a) Whenever, under the laws of this state or otherwise, a deposit of securities is required for any purpose, the savings accounts and accounts made legal investments by this article shall be acceptable deposits. (b) Whenever, under the laws of this state or otherwise, a bond is required with security, the bond may be furnished, and the savings accounts and accounts made legal investments by this article in the amount of the bond shall be acceptable as security without other security.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 7001
What does Public Contract Code - PCC § 7001 cover?
Section 7001 ("Whenever, under the laws of this state or otherwise, a deposit of securities is r") 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 § 7001?
A common citation format is "Public Contract Code - PCC § 7001" (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 § 7001 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.