Public Utilities Code - PUC
DIVISION 1. REGULATION OF PUBLIC UTILITIES [201 - 3297]
( Division 1 enacted by Stats. 1951, Ch. 764. ) PART 4. PRODUCTION AND TRANSMISSION OF PUBLIC UTILITY COMMODITIES AND SERVICES [3001 - 3255]
( Part 4 added by Stats. 1987, Ch. 680, Sec. 1. ) CHAPTER 1. Gas Producers’ Cooperative Associations [3001 - 3224]
( Chapter 1 added by Stats. 1987, Ch. 680, Sec. 1. ) ARTICLE 5. Bylaws [3081 - 3092]
( Article 5 added by Stats. 1987, Ch. 680, Sec. 1. ) 3090.
The bylaws may prescribe the amount of any dividends which may be declared on the stock or membership capital, which shall not exceed 8 percent per annum, shall be in the nature of interest, and shall not affect the nonprofit character of any association.
(Added by Stats. 1987, Ch. 680, Sec. 1.)