{"code":"PUC","codeName":"Public Utilities Code","section":"7503","citation":"Pub. Util. Code, § 7503","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 4. LAWS RELATING TO UTILITY CORPORATIONS AND THEIR EMPLOYEES [7503. - 8290.2.]","url":"https://blackletter.si/public-utilities-code/division-4"},{"name":"CHAPTER 1. Railroad Corporations [7503. - 7727.]","url":"https://blackletter.si/public-utilities-code/division-4/chapter-1"},{"name":"ARTICLE 1. Administration and Finance [7503. - 7508.]","url":"https://blackletter.si/public-utilities-code/division-4/chapter-1/article-1"}],"history":"Amended by Stats. 1951, Ch. 1036.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/administration-and-finance-7503","source":"California Legislative Information bulk export (pubinfo)"}