Washington § 80.08.080 - Capitalization of franchises or merger contracts prohibited.

Full text of Washington Revised Code of Washington § 80.08.080 — Capitalization of franchises or merger contracts prohibited., with citation guidance and answers to common questions.

§ 80.08.080. Capitalization of franchises or merger contracts prohibited.

The commission shall have no power to authorize the capitalization of the right to be a corporation, or to authorize the capitalization of any franchise or permit whatsoever or the right to own, operate or enjoy any such franchise or permit, in excess of the amount (exclusive of any tax or annual charge) actually paid to the state or to a political subdivision thereof as the consideration for the grant of such franchise, permit or right; nor shall any contract for consolidation or lease be capitalized, nor shall any public service company hereafter issue any bonds, notes or other evidences of indebtedness against or as a lien upon any contract for consolidation or merger.
[ 1961 c 14 s 80.08.080. Prior: 1933 c 151 s 7; RRS s 10439-7.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 80.08.080

What does Revised Code of Washington § 80.08.080 cover?

Section 80.08.080 ("Capitalization of franchises or merger contracts prohibited.") is part of the Revised Code of Washington, the codified statutory law of Washington. 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 Washington § 80.08.080?

A common citation format is "Revised Code of Washington § 80.08.080" (Washington). 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 Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 80.08.080 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington 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 Washington.