Pub. Util. Code, § 3122 · Article 7. Powers

Pub. Util. Code, § 3122

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

An association may borrow without limitation as to amount of corporate indebtedness or liability and may make advances to members.

Notes and commentary — not statutory text

History

Added by Stats. 1987, Ch. 680, Sec. 1.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC&sectionNum=3122.
Text hash: sha256 e0c633b13cea28bbbb68dd7cf830276d2e5c6b7cd5c4321ca305bbcbb90d6da8
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.