Section 910 - Consent required for change of capital or purposes1.Change of capital. No public utility may without the consent of the commission:A. Decrease its capital; [1987, c. 141, Pt. A, §6 (NEW).]B. Declare any stock, bond or scrip dividend; or [1987, c. 141, Pt. A, §6 (NEW).]C. Divide the proceeds of the sale of its own or any stock, bonds or scrip among stockholders. [1987, c. 141, Pt. A, §6 (NEW).] [1987, c. 141, Pt. A, §6 (NEW).]
2.Change of purpose. No change of purposes of a public utility, unless specifically chartered, becomes effective until:A. Approved by the commission; and [1987, c. 141, Pt. A, §6 (NEW).]B. A certificate of approval is filed with the Secretary of State within 20 days of the date it is approved. [1987, c. 141, Pt. A, §6 (NEW).] [1987, c. 141, Pt. A, §6 (NEW).]
1987, c. 141, §A6 (NEW) .