Cal. Public Utilities Code § 120651
Cal. Public Utilities Code § 120651
California · California Public Utilities Code · Status: effective
Cite this
- Citation
- Cal. Public Utilities Code § 120651, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/915280
- Permanent ID
ys:prov:915280@1- SHA-256
eed3354a12913203f0dd88ecbcd9416ace04aba3343dc444d0c6647373b6bdcd
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The agreement to purchase or lease may direct the vendor or lessor to sell and assign or lease the rolling equipment to a bank or trust company duly authorized to transact business in the state as trustee for the benefit and security of the equipment trust certificates, and may direct the trustee to deliver the rolling equipment to one or more designated officers of the board and may authorize the board to simultaneously therewith execute and deliver an installment purchase agreement or a lease of the equipment to the board.