201.11 Impaired capital. Whenever the commission shall find that the capital of any public service corporation is impaired it may, after investigation and hearing, issue an order directing such public utility to cease paying dividends on its common stock until such impairment has been made good. Nothing in this section shall be construed to modify the requirements of ss. 180.0623 and 180.0640.History: 1989 a. 303, 1997 a. 140 s. 13; Stats. 1997 s. 200.11; 1999 a. 150 s. 656; Stats. 1999 s. 201.11.
Wisconsin Legal Code