California Statutes
§ 3178. — 3178. (Added by Stats. 1987, Ch. 680, Sec. 1.)
California·Code PUC Public Utilities Code - PUC·Div. 1. DIVISION 1. REGULATION OF PUBLIC UTILITIES·Part 4. PART 4. PRODUCTION AND TRANSMISSION OF PUBLIC UTILITY COMMODITIES AND SERVICES·Ch. 1. CHAPTER 1. Gas Producers’ Cooperative Associations·Art. 9. ARTICLE 9. Members
The association may, at any time, as specified in the bylaws, except when the debts of the association exceed 50 percent of its assets, buy in or purchase its common stock at the book value of the common stock, as conclusively determined by the board of directors, and pay for it in cash within one year thereafter.
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California § 3178. (3178. (Added by Stats. 1987, Ch. 680, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1987, Ch. 680, Sec. 1.