California Constitution Article XII § 7 – A transportation company may not grant free passes or discounts to …
Terms Used In California Constitution Article XII § 7 - A transportation company may not grant free passes or discounts to ...
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A transportation company may not grant free passes or discounts to anyone holding an office in this State; and the acceptance of a pass or discount by a public officer, other than a Public Utilities Commissioner, shall work a forfeiture of that office. A Public Utilities Commissioner may not hold an official relation to nor have a financial interest in a person or corporation subject to regulation by the commission.
(Sec. 7 added Nov. 5, 1974, by Prop. 12. Res.Ch. 88, 1974.)