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The DC Code: § 34-503 Stocks not to be issued until certificate is recorded.

Index34 Public Utilities. (Refs & Annos)

No public utility shall issue any stocks, certificates of stock, bonds, or other evidences of indebtedness for money, property, or services, either directly or indirectly, nor shall it receive any money, property, or services in payment of the same, either directly or indirectly, until there shall have been recorded upon the books of such public utility the certificate of the Commission in this subtitle provided for.

Historical and Statutory

Prior Codifications 1981 Ed., § 43-703. 1973 Ed., § 43-803. DC CODE § 34-503 Current through December 11, 2012

Credits

(Mar. 4, 1913, 37 Stat. 990, ch. 150, § 8, par. 74.)