D.C. Code § 34-505

Current through codified legislation effective June 1, 2024
Section 34-505 - Application of proceeds of stock

No public utility shall apply the proceeds of any such stock, certificates of stock, bonds, or other evidences of indebtedness to any other purpose or issue the same on any less favorable terms than that specified in the certificate issued by the Commission.

D.C. Code § 34-505

Mar. 4, 1913, 37 Stat. 990, ch. 150, § 8, par. 77.