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DISTRICT OF COLUMBIA STATUTES AND CODES

Section 34-503 - Stocks not to be issued until certificate is recorded

Stocks not to be issued until certificate is recorded

No public utility shall issue any stocks, certificates of stock, bonds, or other evidences of indebtedness for money, property, or services, either directly or indirectly, nor shall it receive any money, property, or services in payment of the same, either directly or indirectly, until there shall have been recorded upon the books of such public utility the certificate of the Commission in this subtitle provided for.

CREDIT(S)

(Mar. 4, 1913, 37 Stat. 990, ch. 150, § 8, par. 74.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 43-703.
1973 Ed., § 43-803.

Current through September 13, 2012

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