Maine Statutes
§ 35-A §909 — Stock for organization purposes
Maine § 35-A §909
JurisdictionMaine
Title 35-APUBLIC UTILITIES
Part 1PUBLIC UTILITIES COMMISSION
Ch. 9APPROVAL OF STOCKS, BONDS AND NOTES BY PUBLIC UTILITIES COMMISSION
This text of Maine § 35-A §909 (Stock for organization purposes) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Me. Rev. Stat. tit. 35-A, § 35-A §909 (2026).
Text
Any public utility corporation at the time of its organization may issue for organization purposes, without the consent of the commission, not more than 6 shares of stock at par for cash or, if non-par stock, for the consideration of $100 per share, these shares when issued to be a part of the total capital issue.
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Legislative History
PL 1987, c. 141, §A6 (NEW).
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Utility depositsCite This Page — Counsel Stack
Bluebook (online)
Maine § 35-A §909, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/35-A%20%C2%A7909.