Ohio § 4905.47
Full text of Ohio Ohio Revised Code § 4905.47, with citation guidance and answers to common questions.
§ 4905.47.
The public utilities commission shall not authorize the capitalization of any franchise
or right to own, operate, or enjoy any franchise in excess of the amount, exclusive
of any tax or annual charge, actually paid to any political subdivision of the state
or county as the consideration for the grant of such franchise or right, nor shall
the capital stock of a public utility or railroad corporation formed by the merger
or consolidation of two or more corporations exceed the sum of the capital stock of
the corporations consolidated or merged, at the par value of such stock, and such
sum or any additional sum actually paid in cash. No contract for consolidation or lease shall be capitalized in the stock of any
public utility or railroad corporation, and no such corporation shall issue any bonds
against or as a lien upon any contract for consolidation or merger. The aggregate amount of the debt of such consolidated companies by reason of such
consolidation shall not be increased. This section does not apply to telephone companies.
Frequently Asked Questions About Ohio § 4905.47
What does Ohio Revised Code § 4905.47 cover?
Section 4905.47 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 § 4905.47?
A common citation format is "Ohio Revised Code § 4905.47" (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 § 4905.47 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.