California Public Utilities Code 5387.5 – When the commission or an employee of the commission determines that …
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When the commission or an employee of the commission determines that any person or corporation is holding itself out as a charter-party carrier of passengers without a certificate or permit to so operate, the carrier shall pay the commission the fee established pursuant to Section 421 for the period during which it operated without authority, up to a maximum of three years, which fee shall be deposited in the Public Utilities Commission Transportation Reimbursement Account.
(Added by Stats. 1990, Ch. 518, Sec. 2.5. Effective August 13, 1990.)
Terms Used In California Public Utilities Code 5387.5
- Commission: means the Public Utilities Commission created by §. See California Public Utilities Code 20
- 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.