There is a newer version
of
the New York Laws
2019 New York Laws
PBS - Public Service
Article 6 - Provisions Affecting Two or More Kinds of the Public Service and the Persons and Corporations Furnishing Such Service
106 - Approval of Loans.
Universal Citation: NY Pub Serv L § 106 (2019)
§ 106. Approval of loans. Except with the consent and approval of the public service commission first had and obtained, no public utility shall loan moneys, stocks, bonds, notes or other evidences of indebtedness, to any corporation, company, association, partnership or individual, owning or holding, directly or indirectly, any stock of said public utility.
Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
