California Codes > Public Utilities Code > Division 10 > Part 2 > Chapter 5 > Article 1 – Establishment
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Terms Used In California Codes > Public Utilities Code > Division 10 > Part 2 > Chapter 5 > Article 1 - Establishment
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: means the State of California, unless applied to the different parts of the United States. See California Public Utilities Code 17