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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 4905.46 | Restrictions on dividend or distribution.

Ohio Revised Code
/
Title 49 Public Utilities
/
Chapter 4905 Public Utilities Commission - General Powers
 
Effective:
September 13, 2010
Latest Legislation:
Senate Bill 162 - 128th General Assembly
PDF:
Download Authenticated PDF
 

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.

Available Versions of this Section