California § 7252 - Notwithstanding any other provisions of this chapter, an association may, subject
Full text of California Public Contract Code - PCC § 7252 — Notwithstanding any other provisions of this chapter, an association may, subject, with citation guidance and answers to common questions.
§ 7252. Notwithstanding any other provisions of this chapter, an association may, subject
(a) Notwithstanding any other provisions of this chapter, an association may, subject to regulations of the commissioner, invest in the capital stock, obligations, or other securities of service corporations. (b) The total of all investments under this section shall not exceed 10 percent of the total assets of the savings association. (c) A service corporation in which a savings association may invest shall only engage in those activities reasonably related to the activities of savings associations as the commissioner may approve. (d) An association may make an investment under this section notwithstanding that the service corporation in which investment is authorized has invested in any other corporation (1) that is not incorporated in this state, or (2) that has stock available for purchase by persons other than associations.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 7252
What does Public Contract Code - PCC § 7252 cover?
Section 7252 ("Notwithstanding any other provisions of this chapter, an association may, subject") 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 § 7252?
A common citation format is "Public Contract Code - PCC § 7252" (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 § 7252 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.