Skip to main content
Find a Lawyer

Maine Revised Statutes Title 35-A. Public Utilities § 910. Consent required for change of capital or purposes

Current as of January 01, 2025 | Updated by Findlaw Staff

1. Change of capital. No public utility may without the consent of the commission:

A. Decrease its capital;

B. Declare any stock, bond or scrip dividend; or

C. Divide the proceeds of the sale of its own or any stock, bonds or scrip among stockholders.

2. Change of purpose. No change of purposes of a public utility, unless specifically chartered, becomes effective until:

A. Approved by the commission; and

B. A certificate of approval is filed with the Secretary of State within 20 days of the date it is approved.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Maine Revised Statutes Title 35-A. Public Utilities § 910. Consent required for change of capital or purposes - last updated January 01, 2025 | https://codes.findlaw.com/me/title-35-a-public-utilities/me-rev-st-tit-35-a-sect-910/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard