§ 3124
58 words·~1 min read·
/ca/public-utilities-code/3124A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An association may purchase or otherwise acquire, hold, own, and exercise all rights of ownership in, sell, transfer, pledge, or guarantee the payment of dividends or interest on, or the retirement or redemption of, shares of the capital stock or bonds of any corporation or association which is engaged in the production of gas or any related activity.