The commission shall have no power to authorize the issuance of stocks, notes, bonds, or other evidence of indebtedness of any public utility in an aggregate amount at any time exceeding the fair value of the properties of the issuer and the reasonable cost of the issuance and sale of the issues.
Section: Previous 23-3-102 23-3-103 23-3-104 23-3-105 23-3-106 23-3-107 23-3-108 23-3-109 23-3-110 23-3-111 23-3-112 23-3-113 23-3-114 23-3-115 NextLast modified: November 15, 2016