California Statutes
§ 125703. — 125703. (Amended by Stats. 2005, Ch. 150, Sec. 43.)
California § 125703.
JurisdictionCalifornia
Code PUCPublic Utilities Code - PUC
Div. 11.5.DIVISION 11.5. NORTH COUNTY TRANSIT DISTRICT
Ch. 6.CHAPTER 6. Bonds and Other Evidences of Indebtedness
This text of California § 125703. (125703. (Amended by Stats. 2005, Ch. 150, Sec. 43.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Public Utilities Code - PUC Code § 125703. (2026).
Text
The agreement to purchase or lease transit equipment may direct the vendor or lessor to sell and assign or lease the transit 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 transit equipment to one or more designated officers of the district and may authorize the district to simultaneously therewith execute and deliver an installment purchase agreement or a lease of that equipment to the district.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Amended by Stats. 2005, Ch. 150, Sec. 43. Effective January 1, 2006.
Cite This Page — Counsel Stack
Bluebook (online)
California § 125703., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/125703..