California § 8670.53.7 - All financial arrangements made or issued pursuant to this article or subdivision
Full text of California Public Contract Code - PCC § 8670.53.7 — All financial arrangements made or issued pursuant to this article or subdivision, with citation guidance and answers to common questions.
§ 8670.53.7. All financial arrangements made or issued pursuant to this article or subdivision
(a) All financial arrangements made or issued pursuant to this article or subdivision (o) of Section 8670.48, including bonds or other obligations, are a legal investment for any of the following: (1) Trust funds. (2) Funds of insurers. (3) Funds of savings and loan associations. (4) Funds of banks. (5) Funds of state agencies, cities, counties, cities and counties, or other public agencies or corporations. (b) All financial arrangements, made or issued pursuant to this article or subdivision (o) of Section 8670.48, including bonds or other obligations, are acceptable and may be used as security for the faithful performance of any public or private trust or obligation or for the performance of any act, including the use of notes by banks as security for deposits of funds of the state and its agencies, or of any city, county, city and county, or other public agency or corporation.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 8670.53.7
What does Public Contract Code - PCC § 8670.53.7 cover?
Section 8670.53.7 ("All financial arrangements made or issued pursuant to this article or subdivision") 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 § 8670.53.7?
A common citation format is "Public Contract Code - PCC § 8670.53.7" (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 § 8670.53.7 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.