Cal. Pub. Util. Code § 7503

Current through the 2023 Legislative Session.
Section 7503 - Directors may be trustees in deed of trust

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.

Ca. Pub. Util. Code § 7503

Amended by Stats. 1951, Ch. 1036.