California Public Utilities Code 816 – The power of public utilities to issue stocks and stock certificates …
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The power of public utilities to issue stocks and stock certificates or other evidence of interest or ownership and bonds, notes, and other evidences of indebtedness and to create liens on their property situated within this State is a special privilege, the right of supervision, regulation, restriction, and control of which is vested in the State, and such power shall be exercised as provided by law under such rules as the commission prescribes.
(Enacted by Stats. 1951, Ch. 764.)
Terms Used In California Public Utilities Code 816
- Commission: means the Public Utilities Commission created by §. See California Public Utilities Code 20
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- State: means the State of California, unless applied to the different parts of the United States. See California Public Utilities Code 17