California Constitution Article XX § 4 – The Legislature shall not pass any laws permitting the leasing or …
Terms Used In California Constitution Article XX § 4 - The Legislature shall not pass any laws permitting the leasing or ...
- Grantor: The person who establishes a trust and places property into it.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
The Legislature shall not pass any laws permitting the leasing or alienation of any franchise, so as to relieve the franchise or property held thereunder from the liabilities of the lessor or grantor, lessee, or grantee, contracted or incurred in the operation, use, or enjoyment of such franchise, or any of its privileges.
(Sec. 4 renumbered from Sec. 7 on June 8, 1976, by Prop. 14. Res.Ch. 5, 1976.)