Legislation
SECTION 106
Approval of loans
Public Service (PBS) CHAPTER 48, ARTICLE 6
§ 106. Approval of loans. Except with the consent and approval of the
public service commission first had and obtained, no public utility
shall loan moneys, stocks, bonds, notes or other evidences of
indebtedness, to any corporation, company, association, partnership or
individual, owning or holding, directly or indirectly, any stock of said
public utility.
public service commission first had and obtained, no public utility
shall loan moneys, stocks, bonds, notes or other evidences of
indebtedness, to any corporation, company, association, partnership or
individual, owning or holding, directly or indirectly, any stock of said
public utility.