Ohio § 4905.41
Full text of Ohio Ohio Revised Code § 4905.41, with citation guidance and answers to common questions.
§ 4905.41.
The proceedings for obtaining the authority of the public utilities commission for
the issue of stocks, bonds, notes and other evidences of indebtedness, as provided
in section 4905.40 of the Revised Code , shall be as follows: (A) In case the stocks, bonds, notes, or other evidence of indebtedness are to be issued
for money only, the public utility or railroad shall file with the commission a statement,
signed and verified by the president or vice president and the secretary or treasurer
of such public utility or railroad, setting forth: (1) The amount and character of the stocks, bonds, or other evidence of indebtedness; (2) The purposes for which they are to be issued; (3) The terms upon which they are to be issued; (4) The total assets and liabilities and an income statement of the public utility or
railroad in such detail as the commission requires; (5) If the issue is desired for the purpose of the reimbursement of money expended from
income, as provided by section 4905.40 of the Revised Code , the amount expended and when and for what purposes it was expended; (6) Such other facts and information pertinent to the inquiry as the commission requires. (B) If the stocks, bonds, notes, or other evidence of indebtedness are to be issued partly
or wholly for property, services, or other consideration than money, the public utility
or railroad shall file with the commission a statement, signed and verified by its
president or vice president and its secretary, or treasurer setting forth: (1) The amount and character of the stocks, bonds, or other evidence of indebtedness
proposed to be issued; (2) The purposes for which they are to be issued; (3) The description and estimated value of the property or services for which they are
to be issued; (4) The terms on which they are to be issued or exchanged; (5) The amount of money to be received in addition to the property, service, or other
consideration; (6) The total assets and liabilities and an income statement of the public utility or
railroad in such detail as the commission requires; (7) Such other facts and information pertinent to the inquiry as the commission requires. This section and section 4905.40 of the Revised Code do not apply to union depot companies organized and under contract prior to June
30, 1911, until the same are completed. This section does not apply to a telephone company.
Frequently Asked Questions About Ohio § 4905.41
What does Ohio Revised Code § 4905.41 cover?
Section 4905.41 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 4905.41?
A common citation format is "Ohio Revised Code § 4905.41" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 4905.41 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.