Missouri Revised Statutes













Chapter 392

Telephone and Telegraph Companies

←392.280

Section 392.290.1

392.300→

August 28, 2015

Right to issue stocks, bonds and notes is subject to regulation by state--exception--limitation on powers of commission.

392.290. 1. The power of telecommunications companies to issue stocks,

bonds, notes and other evidence of indebtedness and to create liens upon

their property situated in this state is a special privilege, the right of

supervision, regulation, restriction and control of which is and shall

continue to be vested in the state, and such power shall be exercised as

provided by law and under such rules and regulations as the commission may

prescribe.



2. Notwithstanding any other provision of this chapter to the contrary,

no telecommunications company operating in Missouri and one or more other

states shall be required to obtain authorization from the commission to issue

stocks, bonds, notes or any other evidence of indebtedness; nor shall any

such telecommunications company be required to obtain authorization from the

commission in order to encumber the whole or any part of its franchise line or

system.



(RSMo 1939 § 5674, A.L. 1986 S.B. 625, A.L. 1987 H.B.

360)



Prior revisions: 1929 § 5218; 1919 § 10506







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