69-3-506. Unapproved securities void. Except as provided in 69-3-505, all securities issued, assumed, or guaranteed after July 1, 1961, without approval by the commission as provided herein shall be void.
History: En. Sec. 5, Ch. 74, L. 1961; R.C.M. 1947, 70-117.5.
Structure Montana Code Annotated
Title 69. Public Utilities and Carriers
Chapter 3. Regulation of Utilities
Part 5. Issuance of Securities and Creation of Liens
69-3-501. Regulation of issuance of securities and creation of liens by utilities
69-3-502. Petition for issuance of securities
69-3-503. Prompt consideration of petition
69-3-504. Decision on petition
69-3-505. Issuance of certain short-term obligations