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.

History

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

Prior Codifications

1973 Ed., § 43-803.

1981 Ed., § 43-703.

Cross References

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