N.Y. PBS Law § 106
This is the official text of N.Y. PBS Law § 106, part of New York’s PBS Law — part of the compiled statutory law of New York, published by the state as "PBS Law." Browse the sections below, each linked to its official government source.
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Approval of loans
Official statutory text
§ 106. Approval of loans. Except with the consent and approval of the\npublic service commission first had and obtained, no public utility\nshall loan moneys, stocks, bonds, notes or other evidences of\nindebtedness, to any corporation, company, association, partnership or\nindividual, owning or holding, directly or indirectly, any stock of said\npublic utility.\n
Status: in_force · Read it on the official government site
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