§ 81.08.020. Control vested in state
The power of public service companies to issue stocks and stock certificates or other evidence of interest or ownership, and bonds, notes and other evidences of indebtedness and to create liens on their property situated within this state is a special privilege, the right of supervision, regulation, restriction, and control of which is and shall continue to be vested in the state, and such power shall be exercised as provided by law and under such rules and regulations as the commission may prescribe.
[1961 c 14 § 81.08.020. Prior: 1933 c 151 § 2; RRS § 10439-2.]
Sections: Previous 81.08.010 81.08.012 81.08.020 81.08.030 81.08.040 81.08.080 81.08.090 81.08.100 81.08.110 81.08.120 81.08.130 81.08.140 81.08.150 NextLast modified: April 7, 2009