4905.45 [Effective Until 9/13/2010] Indorsement of public utility or railroad securities.
4905.45 [Effective Until 9/13/2010] Indorsement of public utility or railroad securities.
Public utility or railroad corporations may, incident to the sale or pledge of bonds, notes, or other securities owned by them, jointly or severally indorse such securities and guarantee due payment of them, in any case in which such indorsement and guarantee is authorized by the public utilities commission or the interstate commerce commission.
Effective Date: 10-01-1953
This section is set out twice. See also § 4905.45, as amended by 128th General Assembly File No. 43, SB 162, § 1, eff. 9/13/2010.
4905.45 [Effective 9/13/2010] Indorsement of public utility or railroad securities
Public utility or railroad corporations may, incident to the sale or pledge of bonds, notes, or other securities owned by them, jointly or severally indorse such securities and guarantee due payment of them, in any case in which such indorsement and guarantee is authorized by the public utilities commission or the interstate commerce commission.
This section does not apply to telephone companies.
Amended by 128th General Assembly File No. 43, SB 162, § 1, eff. 9/13/2010.
Effective Date: 10-01-1953
This section is set out twice. See also § 4905.45, effective until 9/13/2010.