California § 942 - The commissioner shall permit a deposit of those securities in the State Treasury
Full text of California Public Contract Code - PCC § 942 — The commissioner shall permit a deposit of those securities in the State Treasury, with citation guidance and answers to common questions.
§ 942. The commissioner shall permit a deposit of those securities in the State Treasury
The commissioner shall permit a deposit of those securities in the State Treasury, subject to the provisions of Section 11691, if applicable. The securities deposited with the Treasurer shall be maintained in electronic book entry or certificate form as security for policyholders or policyholders and creditors of the insurer to whom they respectively belong. The state is responsible for the custody and safe return of any money or securities so deposited. The Treasurer shall deposit these moneys under the provisions of Sections 16370 and 16375 of the Government Code.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 942
What does Public Contract Code - PCC § 942 cover?
Section 942 ("The commissioner shall permit a deposit of those securities in the State Treasury") 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 § 942?
A common citation format is "Public Contract Code - PCC § 942" (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 § 942 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.