Public Utilities Code section 7503

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.

Source: Section 7503, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=7503. (updated Jan. 1, 1951; accessed Jun. 25, 2025).

7503
7505
7508

Up to date

Verified:
Jun. 25, 2025

§ 7503's source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_7503

Original Source: Section 7503, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=7503. (last accessed May 12, 2025).