Washington Statutes
§ 80.08.080 — Capitalization of franchises or merger contracts prohibited.
Washington § 80.08.080
This text of Washington § 80.08.080 (Capitalization of franchises or merger contracts prohibited.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wash. Rev. Code § 80.08.080 (2026).
Text
The commission shall have no power to authorize the capitalization of the right to be a corporation, or to authorize the capitalization of any franchise or permit whatsoever or the right to own, operate or enjoy any such franchise or permit, in excess of the amount (exclusive of any tax or annual charge) actually paid to the state or to a political subdivision thereof as the consideration for the grant of such franchise, permit or right; nor shall any contract for consolidation or lease be capitalized, nor shall any public service company hereafter issue any bonds, notes or other evidences of indebtedness against or as a lien upon any contract for consolidation or merger.
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Legislative History
[1961 c 14 s 80.08.080. Prior:1933 c 151 s 7; RRS s 10439-7.]
Nearby Sections
15
§ 80.01.020
Commissioners—Oath, bond, and qualifications—Persons excluded from office and employment.§ 80.01.035
Appointment of commissioners pro tempore.§ 80.01.040
General powers and duties of commission.§ 80.01.060
Administrative law judges—Powers.§ 80.01.070
Joint investigations, hearings, orders.§ 80.01.080
Public service revolving fund.§ 80.01.090
Proceedings public records—Seal.§ 80.01.100
Duties of attorney general.§ 80.01.110
Wholesale telecommunications services—Commission authorized to review rates, terms, conditions.§ 80.04.010
Definitions.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 80.08.080, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/80.08.080.