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§ 1904. Unauthorized securities may be declared void

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 66 Pa.C.S.A. Public Utilities

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 66 Pa.C.S.A. Public Utilities (Refs & Annos)
Part I. Public Utility Code (Refs & Annos)
Subpart C. Regulation of Public Utilities Generally (Refs & Annos)
Chapter 19. Securities and Obligations (Refs & Annos)
66 Pa.C.S.A. § 1904
§ 1904. Unauthorized securities may be declared void
Currentness
In addition to any other penalty provided in this part for any violation of this chapter, the commission, after due consideration of the public interest, may declare void any securities issued, or any assumption of securities made in violation of this chapter. Any such declaration shall not be construed as a bar to the recovery, by an innocent holder-for-value of such securities, of any losses sustained by reason of the wrongful acts of the issuing or assuming public utility.

Credits

1978, July 1, P.L. 598, No. 116, § 1, effective in 60 days.
66 Pa.C.S.A. § 1904, PA ST 66 Pa.C.S.A. § 1904
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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