§ 105206 Bond Delivery And Payment

Public Utilities Code·California

AI SummaryVerified

This law says you can send 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.
•The buyer can pay with cash or a bank credit (like a credit card or bank transfer).
•The rule has been in effect since January 1, 2003.

Example

A person in Ohio buys a bond from a company in Florida and pays with a credit card.

Because the law lets bonds be delivered outside the state and lets the buyer use bank credit, the purchase is allowed.

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

Official Source

View on CA.gov

§ 105206 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. 2002, Ch. 341, Sec. 4. Effective January 1, 2003.)

Last verified: January 11, 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 105206.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References