California § 7240 - A corporation holding assets in charitable trust is subject at all times to exami

Full text of California Public Contract Code - PCC § 7240 — A corporation holding assets in charitable trust is subject at all times to exami, with citation guidance and answers to common questions.

§ 7240. A corporation holding assets in charitable trust is subject at all times to exami

A corporation holding assets in charitable trust is subject at all times to examination by the Attorney General, on behalf of the state, to ascertain to what extent, if at all, it has failed or is failing to comply with trusts it has assumed. In case of any such failure the Attorney General, in the name of the state, may institute against any person or persons the proceedings necessary to correct the failure.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 7240

What does Public Contract Code - PCC § 7240 cover?

Section 7240 ("A corporation holding assets in charitable trust is subject at all times to exami") 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 § 7240?

A common citation format is "Public Contract Code - PCC § 7240" (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 § 7240 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.