§ 37-4-11 — Sale, Pledge or Other Disposition of Securities

Alabama § 37-4-11

• Jurisdiction: Alabama
• Title 37: Public Utilities and Public Transportation
• Ch. 4: Public Utilities Other Than Transportation Companies or Motor Vehicle Carriers
• Art. 1: Rate and Other Regulations

Text

Whenever any securities set forth and described in any such application for authority or certificate of notification as pledged or held unencumbered in the treasury of the utility shall, subsequent to the filing of such application or certificate, be sold, pledged, repledged or otherwise disposed of by the utility, such utility shall, within 10 days after such sale, pledge, repledge or other disposition, file with the commission a certificate of notification to that effect, setting forth therein all such facts as may be required by the commission.

Legislative History

(Acts 1920, No. 37, p. 38; Code 1923, §9748; Code 1940, T. 48, §313.)