Rhode Island Statutes
§ 39-3-22 — § 39-3-22. Security dividends — Distribution of proceeds of securities.
§ 39-3-22. Security dividends — Distribution of proceeds of securities.
No public utility shall declare any stock, bond, or scrip dividend or divide the proceeds of the sale of any stock, bond, or scrip among its stockholders without the consent and permission of the division.
Free access — add to your briefcase to read the full text and ask questions with AI
Rhode Island § 39-3-22 (§ 39-3-22. Security dividends — Distribution of proceeds of securities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
G.L. 1923, ch. 253, § 62; P.L. 1936, ch. 2345, § 1; G.L. 1938, ch. 122, § 58; G.L. 1956, § 39-3-22; P.L. 1966, ch. 83, § 1.