California Public Utilities Code 5502 – As used in this article, “person” means any individual, firm, …
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As used in this article, “person” means any individual, firm, partnership, private, municipal or public corporation, limited liability company, company, association, joint stock association, trustee, receiver, assignee, or other similar representative.
(Amended by Stats. 1994, Ch. 1010, Sec. 219. Effective January 1, 1995.)
Terms Used In California Public Utilities Code 5502
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Trustee: A person or institution holding and administering property in trust.