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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 34-505: Application of proceeds of stock.

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Where this section sits in the code
  1. Title 34. Public Utilities.
  2. Chapter 5. Issuance of Securities.

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.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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