New Hampshire Statutes
§ 369:11 — Application of Proceeds
New Hampshire·Title XXXIV PUBLIC UTILITIES·Ch. 369 ISSUANCE OF STOCK AND OTHER SECURITIES; GENERAL PROVISIONS
No public utility shall apply the proceeds of any stock, bonds or notes to any other purpose than those specified in the order of the commission authorizing the issue of the same.
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Legislative History
1911, 164:14. 1913, 145:14. 1917, 76:6. PL 241:12. RL 291:13. 1951, 203:45 par. 11, eff. Sept. 1, 1951.
Nearby Sections
15
§ 369:1-a
Exceptions§ 369:10
Unincorporated Utilities§ 369:11
Application of Proceeds§ 369:12
Account§ 369:13
Foreign Corporations§ 369:14
Public Utilities§ 369:15
Stockholders§ 369:16
Stockholders' Liability§ 369:17
Repealed by 1985, 402:39, II§ 369:2
Mortgages§ 369:4
Authorization§ 369:6
Depreciation