Title XXV INCORPORATION AND REGULATION OF CERTAIN UTILITIES AND CARRIERS Chapter 392 • Effective - 28 Aug 1987 392.320. Certificate of commission to be recorded — stock dividends, permitted when. — 1. No telecommunications company governed by the provisions of this chapter shall issue any stocks, bonds, notes or other evidence of indebtedness, for money, property or services, either directly or indirectly, nor shall it receive any money, property or services in payment of the same, either directly or indirectly, until there shall have been recorded upon the books of such corporation or person the certificate of the commission herein provided for. 2. No telecommunications company governed by the provisions of this chapter shall declare any stock, bond or scrip dividend or divide the proceeds of the same of any stock, bond or scrip among its stockholders unless authorized by the commission so to do. -------- (RSMo 1939 § 5677, A.L. 1987 H.B. 360) Prior revisions: 1929 § 5221; 1919 § 10509
Missouri Legal Code