District of Columbia § 34-503 Stocks not to be issued until certificate is recorded.

District of Columbia Statutes

§ 34-503 — Stocks not to be issued until certificate is recorded.

District of Columbia·Title 34 Public Utilities.·Ch. 5 Issuance of Securities.

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

District of Columbia § 34-503 (Stocks not to be issued until certificate is recorded.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.