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2023 Ohio Revised Code
Title 49 | Public Utilities
Chapter 4905 | Public Utilities Commission - General Powers
Section 4905.46 | Restrictions on Dividend or Distribution.
Universal Citation: OH Rev Code § 4905.46 (2023)
Effective: September 13, 2010
Latest Legislation: Senate Bill 162 - 128th General Assembly
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.
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