Welcome


Law should be interactive.

Rabbit Crowd Library is an experiment in enabling people to interact with the law directly without bias.

Give law accountability. Use - , and to comment and respond to text you agree and disagree with.

0
0
0
§ 56-69 Purposes To Which Proceeds Of Security Issues May Be Applied

No public service company shall, without the consent of the Commission, apply the proceeds of the issue of any stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness, or any part thereof, to any purpose not specified in the Commission's order, or to any purpose specified in the Commission's order in excess of the amount authorized for such purpose, or issue or dispose of the same on any terms less favorable than those specified in such order or any modification thereof.

1934, p. 223; Michie Code 1942, § 4073(6).

Share this law:
Facebook Twitter LinkedIn Pinterest Reddit
Local Government
Virginia
2
0
1
Ralph Northam
Ralph Northam
January 13, 2018 -
Democratic
1-804-786-0000
1000 Bank Street, Richmond, VA, 23219

Keywords
issue
stock
proceeds
service
evidence
specified
stocks
companies
issuance
purpose