Statute · California Public Utilities Code
Cal. Pub. Util. Code § 3296 — Operation of the Fund
Cal. Pub. Util. Code § 3296
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Date
- 2020-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In addition to any rights and remedies of the administrator provided by law, the administrator is authorized at any time and from time to time, without notice to the participating electrical corporations, to set off and apply any and all funds, deposits, or contributions from a participating…
Citator
Cal. Pub. Util. Code § 3296 — Operation of the Fund is in force in the current edition of the Code, and nothing recorded condemns it.
In addition to any rights and remedies of the administrator provided by law, the administrator is authorized at any time and from time to time, without notice to the participating electrical corporations, to set off and apply any and all funds, deposits, or contributions from a participating electrical corporation at any time held by the fund and other obligations owed to the fund, irrespective of whether or not the administrator made demand, and whether the obligations may be contingent or unmatured. The administrator will promptly notify the participating electrical corporation after any such setoff.