California Public Utilities Code 101014 – “Existing system” means any transit service or system of a publicly …
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“Existing system” means any transit service or system of a publicly or privately owned public utility, or division thereof, operating entirely within the district or at least 40 percent of whose revenue vehicle miles for the preceding calendar year were operated within the district, but does not include a charter-party carrier or the charter service of a passenger stage corporation.
(Added by Stats. 1971, Ch. 1161.)
Terms Used In California Public Utilities Code 101014
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.