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65 chapters · 698 sections in this title.
35-A M.R.S. § 901 Issuance of stocks, bonds and notes
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Subject to the requirements of this chapter any public utility, organized and existing or incorporated under the laws of this State and doing business in the State, may issue stocks, bonds which may be secured by mortgages on its property, franchises or otherwise, notes or other …
35-A M.R.S. § 902 Commission authorization required
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1. Order authorizing issuance. No public utility may make an issuance as described in section 901, except as provided in section 906, unless it has made a written application, setting forth information the commission may require and has secured from the commission an order author…
35-A M.R.S. § 903 Stocks sold at less than par value
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Every order authorizing the issue of stock shall, if it authorizes sale at less than par value, specify a minimum price at which the shares are to be sold. Any shares of stock, issued in accordance with such an order, shall be fully paid stock and not liable to any further call o…
35-A M.R.S. § 904 Approval of stocks authorized, but not issued
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The commission may at the request of any public utility approve the issue of any stocks, bonds, notes or other evidences of indebtedness authorized, but not issued.