California Public Utilities Code 132353.3 – In the event of complete consolidation of MTDB with the consolidated …
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In the event of complete consolidation of MTDB with the consolidated agency, any corporation that is a wholly owned subsidiary of MTDB shall become a subsidiary of the consolidated agency.
(Added by Stats. 2002, Ch. 743, Sec. 4. Effective January 1, 2003.)
Terms Used In California Public Utilities Code 132353.3
- 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.