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The DC Code: § 34-505 Application of proceeds of stock.

Index34 Public Utilities. (Refs & Annos)

No public utility shall apply the proceeds of any such stock, certificates of stock, bonds, or other evidences of indebtedness to any other purpose or issue the same on any less favorable terms than that specified in the certificate issued by the Commission.

Historical and Statutory

Prior Codifications 1981 Ed., § 43-705. 1973 Ed., § 43-806. DC CODE § 34-505 Current through December 11, 2012

Credits

(Mar. 4, 1913, 37 Stat. 990, ch. 150, § 8, par. 77.)