§ 23-3-106 - Stocks, bonds, notes, etc. -- Disposition of proceeds. - Arkansas Statutes

23-3-106. Stocks, bonds, notes, etc. -- Disposition of proceeds.

The commission shall have the power to require every public utility, other than municipalities, to account for the disposition of the proceeds of all sales of stocks, bonds, notes, or other evidence of indebtedness, in such form and detail as it may deem advisable. Also, the commission shall have the power to establish such rules and regulations as it may deem necessary to insure the disposition of the proceeds for the purpose specified in its order.