California § 995.740 - If no proceedings are pending to enforce the liability of the principal on the de
Full text of California Public Contract Code - PCC § 995.740 — If no proceedings are pending to enforce the liability of the principal on the de, with citation guidance and answers to common questions.
§ 995.740. If no proceedings are pending to enforce the liability of the principal on the de
If no proceedings are pending to enforce the liability of the principal on the deposit, the officer shall: (a) Pay quarterly, on demand, any interest on the deposit, when earned in accordance with the terms of the account or certificate, to the principal. (b) Deliver to the principal, on demand, any interest coupons attached to bonds or notes, including bearer bonds and bearer notes, as the interest coupons become due and payable, or pay annually any interest payable on the bonds or notes.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 995.740
What does Public Contract Code - PCC § 995.740 cover?
Section 995.740 ("If no proceedings are pending to enforce the liability of the principal on the de") 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 § 995.740?
A common citation format is "Public Contract Code - PCC § 995.740" (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 § 995.740 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.