{"data":{"id":"us-me/35-a-m.r.s.-909","jurisdiction":"us-me","citation":"35-A M.R.S. §909","heading":"Stock for organization purposes","body":"Any public utility corporation at the time of its organization may issue for organization purposes, without the consent of the commission, not more than 6 shares of stock at par for cash or, if non-par stock, for the consideration of $100 per share, these shares when issued to be a part of the total capital issue.","path":["TITLE 35-A: PUBLIC UTILITIES","PART 1: PUBLIC UTILITIES COMMISSION","CHAPTER 9: APPROVAL OF STOCKS, BONDS AND NOTES BY PUBLIC UTILITIES COMMISSION"],"source_url":"https://legislature.maine.gov/statutes/35-A/title35-Asec909.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:40Z","sha256":"3a5729dc7476e20f6312c3701de12e83f14d4560f677f9e86222e3cff0bf8044","source_id":"us-me","stale":false,"prev":"us-me/35-a-m.r.s.-908","next":"us-me/35-a-m.r.s.-910"},"notice":"GroundRules: Original legal text. Not legal advice."}