California § 7650 - Except as provided in subdivision (b), nothing in this division or the laws of th
Full text of California Public Contract Code - PCC § 7650 — Except as provided in subdivision (b), nothing in this division or the laws of th, with citation guidance and answers to common questions.
§ 7650. Except as provided in subdivision (b), nothing in this division or the laws of th
(a) Except as provided in subdivision (b), nothing in this division or the laws of this state shall be construed as denying to an association the right to invest its funds, operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be necessary to avoid loss on a loan or investment made or an obligation created in good faith. (b) Associations which do not meet the requirements of Section 6475, or have been issued an order pursuant to Section 8200, shall not take any action pursuant to this section without first obtaining approval, in writing, from the commissioner.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 7650
What does Public Contract Code - PCC § 7650 cover?
Section 7650 ("Except as provided in subdivision (b), nothing in this division or the laws of th") 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 § 7650?
A common citation format is "Public Contract Code - PCC § 7650" (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 § 7650 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.