Stocks not to be issued until certificate is recorded

1. Law
2. District of Columbia Code
3. Public Utilities
4. Issuance of Securities
5. Stocks not to be issued until certificate is recorded

No public utility shall issue any stocks, certificates of stock, bonds, or other evidences of indebtedness for money, property, or services, either directly or indirectly, nor shall it receive any money, property, or services in payment of the same, either directly or indirectly, until there shall have been recorded upon the books of such public utility the certificate of the Commission in this subtitle provided for.

(Mar. 4, 1913, 37 Stat. 990, ch. 150, § 8, par. 74.)

Prior Codifications

1981 Ed., § 43-703.

1973 Ed., § 43-803.

Cross References

Penal provisions, stock issue by false statements, see § 34-701.

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