Section 824 Of Article 5. Stocks And Security Transactions From California Public Utilities Code >> Division 1. >> Part 1. >> Chapter 4. >> Article 5.
824
. The commission may require public utilities to account for the
disposition of the proceeds of all sales of stocks and stock
certificates or other evidence of interest or ownership, and bonds,
notes, and other evidences of indebtedness, in such form and detail
as it deems advisable, and may establish such rules as it deems
reasonable and necessary to insure the disposition of such proceeds
for the purposes specified in its order.