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Washington Revised Code Title 81. Transportation § 81.08.040. Prior to issuance--Filing required--Contents

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

Any public service company that undertakes to issue stocks, stock certificates, other evidence of interest or ownership, bonds, notes, or other evidences of indebtedness shall file with the commission before such issuance:

(1) A description of the purposes for which the issuance is made, including a certification by an officer authorized to do so that the proceeds from any such financing is for one or more of the purposes allowed by this chapter;

(2) A description of the proposed issuance including the terms of financing; and

(3) A statement as to why the transaction is in the public interest.

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Cite this article: FindLaw.com - Washington Revised Code Title 81. Transportation § 81.08.040. Prior to issuance--Filing required--Contents - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-81-transportation/wa-rev-code-81-08-040/

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