§ 102507 Bond Delivery And Payment

Public Utilities Code·California

AI SummaryVerified

This law says you can give or receive bonds anywhere, even outside the state, and you can pay for them with cash or a bank credit.

Key Takeaways

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

Example

A person in Ohio buys a bond from a company in Florida using an online bank transfer.

Because the law allows bond delivery anywhere and lets the buyer pay with bank credits, the purchase is allowed even though the bond is sent across state lines.

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

Official Source

View on CA.gov

§ 102507 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. 1971, Ch. 1374.)

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 102507.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References