{"data":{"id":"us-me/35-a-m.r.s.-910","jurisdiction":"us-me","citation":"35-A M.R.S. §910","heading":"Consent required for change of capital or purposes","body":"1.  Change of capital.  No public utility may without the consent of the commission:\nA.  Decrease its capital;\nB.  Declare any stock, bond or scrip dividend; or\nC.  Divide the proceeds of the sale of its own or any stock, bonds or scrip among stockholders.\n2.  Change of purpose.  No change of purposes of a public utility, unless specifically chartered, becomes effective until:\nA.  Approved by the commission; and\nB.  A certificate of approval is filed with the Secretary of State within 20 days of the date it is approved.","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-Asec910.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:40Z","sha256":"c7e51937ea20c06ae14b90b35cbcde34ef9f48227d5c4e5525c14eac452b2375","source_id":"us-me","stale":false,"prev":"us-me/35-a-m.r.s.-909","next":"us-me/35-a-m.r.s.-911"},"notice":"GroundRules: Original legal text. Not legal advice."}