Statute · New York Public Service Law
N.Y. Pub. Serv. Law § 106 — Approval of loans
N.Y. Pub. Serv. Law § 106
- Type
- Statute
- Source
- New York Public Service Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 106. Approval of loans. Except with the consent and approval of the public service commission first had and obtained, no public utility shall loan moneys, stocks, bonds, notes or other evidences of indebtedness, to any corporation, company, association, partnership or individual, owning or…
Citator
N.Y. Pub. Serv. Law § 106 — Approval of loans is in force in the current edition of the Code, and nothing recorded condemns it.
§ 106. Approval of loans. Except with the consent and approval of the public service commission first had and obtained, no public utility shall loan moneys, stocks, bonds, notes or other evidences of indebtedness, to any corporation, company, association, partnership or individual, owning or holding, directly or indirectly, any stock of said public utility.