Statutes, codes, and regulations
Ohio Revised Code
Title 49 - PUBLIC UTILITIES
Chapter 4905 - PUBLIC UTILITIES COMMISSION - GENERAL POWERS
Section 4905.46 - Restrictions on dividend or distribution

Ohio Rev. Code § 4905.46

Download
PDF
Current with legislation from 2024 received as of August 15, 2024.
Section 4905.46 - Restrictions on dividend or distribution

No public utility or railroad shall declare any stock, bond, or scrip dividend or distribution, or divide the proceeds of the sale of any stock, bond, or scrip among its stockholders, unless it is authorized to do so by the public utilities commission.

This section does not apply to telephone companies.

R.C. § 4905.46

Amended by 128th General Assembly, SB 162, §1, eff. 9/13/2010.
Effective Date: 10-05-1999 .