§ 100406 Bond Delivery And Payment

Public Utilities Code·California

AI SummaryVerified

This law says you can deliver bonds anywhere, even outside the state, and you can pay for them with cash or bank credits.

Key Takeaways

•Bonds can be delivered at any location, whether inside or outside the state.
•Payment for bonds can be made in cash.
•Payment for bonds can also be made using bank credits (like electronic transfers).

Example

John lives in State A but wants to buy a bond from a company in State B. He gets the bond mailed to his home and pays using an electronic bank transfer.

Because the law allows delivery both inside and outside the state and accepts bank credits as payment, John's purchase follows the rule.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 100406 Bond Delivery And Payment

Delivery of any bonds may be made at any place either inside or outside the state, and the purchase price may be received in cash or bank credits. (Added by Stats. 1974, Ch. 1204.)

Last verified: January 11, 2026

Key Terms

bonds purchase price cash or bank credits

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 100406.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References