LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomePublic Utilities CodeDiv. 10Pt. 11Ch. 4Art. 4§ 99267 Operator Asset Transfer Rules

§ 99267 Operator Asset Transfer Rules

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 99267 Operator Asset Transfer Rules

Key Takeaways

  • •If a company stops working, the stuff they bought with special money can go to someone else who will keep doing the same kind of work.
  • •The new person must use the stuff for the same kind of job, like giving rides to people.
  • •This rule helps make sure things keep running even if one company quits.

Example

A bus company goes out of business and stops running its buses.

The buses they bought with special money can be given to another company that will keep driving the buses and giving rides to people.

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

Official Source
View on CA.gov

§ 99267 Operator Asset Transfer Rules

If an operator ceases operations, any capital acquisitions made by that operator from funds allocated to it pursuant to this article may be transferred to any claimant to provide transportation services under this chapter. (Added by Stats. 1989, Ch. 630, Sec. 7.)

Last verified: January 23, 2026

Key Terms

acquisitionpropertyclaimportequipment

Related Statutes

  • § 99402 Street And Road Claims
  • § 106062 District Revenue Bond Authority
  • § 21688 Airport Height Restriction Payments
  • § 791 Public Utility Records Location
  • § 795 Public Utility Depreciation Rates

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 99267.
View Official Source