Terms Used In California Codes > Public Utilities Code > Division 1 > Part 1 > Chapter 9 > Article 7 - Receiverships

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
• 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.
• County: includes city and county. See California Public Utilities Code 18
• Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Labor Code 18
• State: means the State of California, unless applied to the different parts of the United States. See California Public Utilities Code 17