Payment for stock with property; approved by Commission

  1. Law
  2. Vermont Statutes
  3. Public Service
  4. Public Service Corporations, Other Than Railroads; Formation, Financing, Eminent Domain
  5. Payment for stock with property; approved by Commission

Checkout our iOS App for a better way to browser and research.

§ 105. Payment for stock with property; approved by Commission

When stock is issued for property other than cash, the value of the property fixed by the incorporators or stockholders must receive the approval of the Public Utility Commission. (Amended 1959, No. 329 (Adj. Sess.), § 39(b), eff. March 1, 1961; 1995, No. 99 (Adj. Sess.), § 5.)


Download our app to see the most-to-date content.