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 § 34-503

Title 34Public Utilities.

Ch. 5Issuance of Securities.

This text of District of Columbia § 34-503 (Stocks not to be issued until certificate is recorded.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 34-503 (2026).

Text

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.

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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.