California Law (Last Updated: March 4, 2014) |
Public Utilities Code - PUC |
Division 4. LAWS RELATING TO UTILITY CORPORATIONS AND THEIR EMPLOYEES |
Chapter 1. Railroad Corporations |
ARTICLE 1. Administration and Finance |
Section 7503.
Latest version.
-
Any person or any corporation formed under the laws of this State or of any other state within the United States that the directors of a railroad corporation may by unanimous concurrence select, may be trustees in any deed of trust securing bonds, debentures, notes, and evidences of indebtedness issued by such railroad corporation.
(Amended by Stats. 1951, Ch. 1036.)