Tennessee Statutes

§ 65-4-109 — Issuance of stocks or other evidences of indebtedness

Tennessee § 65-4-109

This text of Tennessee § 65-4-109 (Issuance of stocks or other evidences of indebtedness) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tenn. Code Ann. § 65-4-109 (2026).

Text

No public utility shall issue any stocks, stock certificates, bonds, debentures, or other evidences of indebtedness payable in more than one (1) year from the date thereof, until it shall have first obtained authority from the commission for such proposed issue. It shall be the duty of the commission after hearing to approve any such proposed issue maturing more than one (1) year from the date thereof upon being satisfied that the proposed issue, sale and delivery is to be made in accordance with law and the purpose of such be approved by the commission.

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Related

Legislative History

Acts 1919, ch. 49, § 6; Shan. Supp., § 3059a89; Code 1932, § 5452; T.C.A. (orig. ed.), § 65-409; Acts 1995, ch. 305, § 20.

Nearby Sections

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Bluebook (online)
Tennessee § 65-4-109, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/65-4-109.