Public Utilities Code section 13134

The electric system of the district to which the indebtedness pertains shall not be sold or otherwise disposed of, as a whole or substantially as a whole, unless such sale or other disposition be so arranged as to provide for a continuance of payments into a fund sufficient in amount to permit payment therefrom of principal of, and interest on, and premiums, if any, due upon the redemption of, all bonds issued under this chapter.

Source: Section 13134, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=PUC§ionNum=13134.­ (updated Jan. 1, 1957; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 13134's source at ca​.gov