California § 7151 - Except with the prior consent of the commissioner, no association shall redeem an
Full text of California Public Contract Code - PCC § 7151 — Except with the prior consent of the commissioner, no association shall redeem an, with citation guidance and answers to common questions.
§ 7151. Except with the prior consent of the commissioner, no association shall redeem an
Except with the prior consent of the commissioner, no association shall redeem any of its savings accounts when the association is in an impaired condition and when it has applications for withdrawal that have been on file more than 14 days and have not been reached for payment.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 7151
What does Public Contract Code - PCC § 7151 cover?
Section 7151 ("Except with the prior consent of the commissioner, no association shall redeem an") 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 § 7151?
A common citation format is "Public Contract Code - PCC § 7151" (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 § 7151 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.