Washington Statutes
§ 81.08.080 — Capitalization of franchise or merger contract prohibited.
Washington § 81.08.080
This text of Washington § 81.08.080 (Capitalization of franchise or merger contract 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 § 81.08.080 (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 81.08.080. Prior:1933 c 151 s 7; RRS s 10439-7.]
Nearby Sections
15
§ 81.01.010
Adoption of provisions of chapter80.01RCW.§ 81.04.010
Definitions.§ 81.04.020
Procedure before commission and courts.§ 81.04.030
Number of witnesses may be limited.§ 81.04.040
Witness fees and mileage.§ 81.04.050
Protection against self-incrimination.§ 81.04.060
Deposition—Service of process.§ 81.04.070
Inspection of books, papers, and documents.§ 81.04.075
Manner of serving papers.§ 81.04.080
Annual report—Other reports.§ 81.04.090
Forms of records to be prescribed.§ 81.04.110
Complaint—Hearing.§ 81.04.120
Hearing—Order—Record.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 81.08.080, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/81.08.080.