§ 131117 Bond Delivery And Payment

Public Utilities Code·California

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Key Takeaways

•You can hand over bonds (like special money papers) anywhere, even outside the state.
•You can pay for bonds with cash or money in the bank.
•This rule has been around since 1986.

Example

You buy a bond from someone in another state.

You can meet them there to get the bond, and you can pay them with cash or money from your bank account.

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

Official Source

View on CA.gov

§ 131117 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. 1986, Ch. 301, Sec. 3. Effective July 14, 1986.)

Last verified: January 23, 2026

Key Terms

bonds delivery purchase price cash or bank credits

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 131117.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References