Section 3124 Of Article 7. Powers From California Public Utilities Code >> Division 1. >> Part 4. >> Chapter 1. >> Article 7.

. An association may purchase or otherwise acquire, hold, own, and exercise all rights of ownership in, sell, transfer, pledge, or guarantee the payment of dividends or interest on, or the retirement or redemption of, shares of the capital stock or bonds of any corporation or association which is engaged in the production of gas or any related activity.