Ohio Statutes
§ 4905.46 — Restrictions on dividend or distribution
Ohio § 4905.46
This text of Ohio § 4905.46 (Restrictions on dividend or distribution) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ohio Rev. Code Ann. § 4905.46 (2026).
Text
No public utility or railroad shall declare any stock, bond, or scrip dividend or distribution, or divide the proceeds of the sale of any stock, bond, or scrip among its stockholders, unless it is authorized to do so by the public utilities commission.
This section does not apply to telephone companies.
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Legislative History
Effective: September 13, 2010 | Latest Legislation: Senate Bill 162 - 128th General Assembly
Nearby Sections
15
§ 4905.01
Definitions§ 4905.02
Public utility defined§ 4905.03
Public utility company definitions§ 4905.041
Exclusive jurisdiction of commission§ 4905.05
Scope of jurisdiction§ 4905.06
General supervision§ 4905.07
Information and records to be public§ 4905.09
Substantial compliance§ 4905.10
Assessment for expenses§ 4905.12
Forfeiture§ 4905.14
Annual report§ 4905.15
Reports and accountsCite This Page — Counsel Stack
Bluebook (online)
Ohio § 4905.46, Counsel Stack Legal Research, https://law.counselstack.com/statute/oh/4905.46.