§ 34-502Title 34
Certificate showing authority to issue stock or pay dividends to be obtained.
No public utility shall hereafter issue any stocks, stock certificates, bonds, mortgages, or any other evidences of indebtedness payable in more than 1 year from date, or pay any stock, bond or scrip dividend, until it shall have first obtained the certificate of the Commission showing authority for such issue from the Commission.
Annotations
Mar. 4, 1913, 37 Stat. 990, ch. 150, § 8, par. 73 Aug. 4, 1955, 69 Stat. 485, ch. 545, § 2 1973 Ed., § 43-802. 1981 Ed., § 43-702. Penal provisions, stock issue by false statements, see § 34-701.
Sourced from the DC Council Open Law Library (public domain).
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