California · Public Utilities Code - PUC

PUC §824: The commission may require public utilities to account for the disposition of the proceeds of all sales of stocks and stock certificates or other evidence of interest or ownership, and bonds, notes, a

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What this law says, in plain English

The commission may require public utilities to report how they handle money from selling stocks, certificates, bonds, and notes.

Read the full statutory text

The commission may require public utilities to account for the disposition of the proceeds of all sales of stocks and stock certificates or other evidence of interest or ownership, and bonds, notes, and other evidences of indebtedness, in such form and detail as it deems advisable, and may establish such rules as it deems reasonable and necessary to insure the disposition of such proceeds for the purposes specified in its order.

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