Statutes, codes, and regulations
Arkansas Code of 1987
Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIESSubtitle 1 - PUBLIC UTILITIES AND CARRIERSChapter 3 - REGULATION OF UTILITIES AND CARRIERS GENERALLY
Subchapter 1 - GENERAL PROVISIONS
Section 23-3-105 - Stocks, bonds, notes, etc. - Amount of issue

Ark. Code § 23-3-105

Download
PDF
Current with legislation from 2024 effective through May 3, 2024.
Section 23-3-105 - Stocks, bonds, notes, etc. - Amount of issue

The commission shall have no power to authorize the issuance of stocks, notes, bonds, or other evidence of indebtedness of any public utility in an aggregate amount at any time exceeding the fair value of the properties of the issuer and the reasonable cost of the issuance and sale of the issues.

Ark. Code § 23-3-105

Acts 1935, No. 324, § 59; Pope's Dig., § 2119; Acts 1973, No. 410, § 1; 1981, No. 709, § 1; A.S.A. 1947, § 73-255.