Does section 654 of the California Criminal Code bar multiple convictions?

Indeed, the approach we took in Reeves, supra, 35 Cal.4th 765, 28 Cal.Rptr.3d 4, 110 P.3d 1218, supports the conclusion that the credit-limiting statute at issue in the present case does apply to petitioner's sentence. Section 654 prohibits multiple punishment, but it does not operate to bar multiple conviction. ( People v. Pearson (1986) 42 Cal.3d 351, 359, 228 Cal.Rptr. 509, 721 P.2d 595.) Although execution of the sentence for petitioner's credit-limiting offenses has been stayed under section 654, he still is convicted of those offenses both as a formal matter, in the sense that the convictions have not been dismissed or stayed (see People v. Pearson, supra, at p. 360, 228 Cal.Rptr. 509, 721 P.2d 595;

[237 P.3d 557]