Ohio Statutes
§ 4905.47 — Capitalization
Ohio § 4905.47
This text of Ohio § 4905.47 (Capitalization) 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. § 4905.47 (2026).
Text
The public utilities commission shall not authorize the capitalization of any franchise or right to own, operate, or enjoy any franchise in excess of the amount, exclusive of any tax or annual charge, actually paid to any political subdivision of the state or county as the consideration for the grant of such franchise or right, nor shall the capital stock of a public utility or railroad corporation formed by the merger or consolidation of two or more corporations exceed the sum of the capital stock of the corporations consolidated or merged, at the par value of such stock, and such sum or any additional sum actually paid in cash. No contract for consolidation or lease shall be capitalized in the stock of any public utility or railroad corporation, and no such corporation shall
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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 § 4905.47, Counsel Stack Legal Research, https://law.counselstack.com/statute/oh/4905.47.