Oregon Revised Statutes Chapter 759 § 759.355 — Issuance or use of proceeds contrary to commission order
Oregon Revised Statutes Chapter 759 ·
Oregon Code § 759.355·Enacted ·Last updated March 01, 2026
Statute Text
Issuance or use of proceeds contrary to commission order.
No telecommunications utility
shall directly or indirectly, issue or cause to be issued any stock or bond,
note or other evidence of indebtedness in nonconformity with the order of the
Public Utility Commission authorizing the same or contrary to the provisions of
ORS 759.300 to 759.360, or of the Constitution of this state, or apply the
proceeds from the sale thereof, or any part thereof, to any purpose other than
the purposes specified in the commissions order, or to any purpose specified
in the commissions order, in excess of the amount in the order authorized for
such purpose. [1987 c.447 §39]
Plain English Explanation
This Oregon statute addresses Issuance or use of proceeds contrary to commission order. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 759.355
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Issuance or use of proceeds contrary to commission order. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 759.355. Use this format in legal documents and court filings.
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