Statute · California Public Utilities Code
Cal. Pub. Util. Code § 830 — Stocks and Security Transactions
Cal. Pub. Util. Code § 830
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No public utility shall assume any obligation or liability as guarantor, endorser, surety, or otherwise in respect of the securities of any other person, firm, or corporation, when such securities are payable at periods of more than 12 months after the date thereof, without having first secured…
Citator
Cal. Pub. Util. Code § 830 — Stocks and Security Transactions is in force in the current edition of the Code, and nothing recorded condemns it.
No public utility shall assume any obligation or liability as guarantor, endorser, surety, or otherwise in respect of the securities of any other person, firm, or corporation, when such securities are payable at periods of more than 12 months after the date thereof, without having first secured from the commission an order authorizing it so to do. Every such assumption made other than in accordance with the order of the commission authorizing it is void.