§ 106. Approval of loans. Except with the consent and approval of the public service commission first had and obtained, no public utility shall loan moneys, stocks, bonds, notes or other evidences of indebtedness, to any corporation, company, association, partnership or individual, owning or holding, directly or indirectly, any stock of said public utility.
Approval of loans
N.Y. Public Service Law § 106, under Provisions Affecting Two or More Kinds of the Public Service and the Persons and Corporations Furnishing Such Service.
N.Y. Public Service Law § 106