R.I. Gen. Laws § 39-3-22

Current through 2024 Public Law 457

Section 39-3-22 - Security dividends - Distribution of proceeds of securities

No public utility shall declare any stock, bond, or scrip dividend or divide the proceeds of the sale of any stock, bond, or scrip among its stockholders without the consent and permission of the division.

G.L. 1923, ch. 253, § 62; P.L. 1936, ch. 2345, § 1; G.L. 1938, ch. 122, § 58; G.L. 1956, § 39-3-22; P.L. 1966, ch. 83, § 1.