New York Statutes
§ 106 — Approval of loans
New York·Law PBS Public Service·Art. 6 Provisions Affecting Two or More Kinds of the Public Service and the Persons and Corporations Furnishing Such Service
§ 106. Approval of loans. Except with the consent and approval of the\npublic service commission first had and obtained, no public utility\nshall loan moneys, stocks, bonds, notes or other evidences of\nindebtedness, to any corporation, company, association, partnership or\nindividual, owning or holding, directly or indirectly, any stock of said\npublic utility.\n
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