# Tenn. Code Ann. § 65-4-109: Issuance of stocks or other evidences of indebtedness

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-109

## Section

- **Citation:** Tenn. Code Ann. § 65-4-109
- **Heading:** Issuance of stocks or other evidences of indebtedness
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 65 / Chapter 4 / Section 65-4-109

## Text

No public utility shall issue any stocks, stock certificates, bonds, debentures, or other evidences of indebtedness payable in more than one (1) year from the date thereof, until it shall have first obtained authority from the commission for such proposed issue. It shall be the duty of the commission after hearing to approve any such proposed issue maturing more than one (1) year from the date thereof upon being satisfied that the proposed issue, sale and delivery is to be made in accordance with law and the purpose of such be approved by the commission. Acts 1919, ch. 49, § 6; Shan. Supp., § 3059a89; Code 1932, § 5452; T.C.A. (orig. ed.), § 65-409; Acts 1995, ch. 305, § 20.
No public utility shall issue any stocks, stock certificates, bonds, debentures, or other evidences of indebtedness payable in more than one (1) year from the date thereof, until it shall have first obtained authority from the commission for such proposed issue. It shall be the duty of the commission after hearing to approve any such proposed issue maturing more than one (1) year from the date thereof upon being satisfied that the proposed issue, sale and delivery is to be made in accordance with law and the purpose of such be approved by the commission.
Acts 1919, ch. 49, § 6; Shan. Supp., § 3059a89; Code 1932, § 5452; T.C.A. (orig. ed.), § 65-409; Acts 1995, ch. 305, § 20.

## Nearby sections

- [Tenn. Code Ann. § 65-4-101 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-101.md)
- [Tenn. Code Ann. § 65-4-102 Railroads excluded](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-102.md)
- [Tenn. Code Ann. § 65-4-103 Interstate commerce excepted](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-103.md)
- [Tenn. Code Ann. § 65-4-104 Commission's jurisdiction and control of public utilities](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-104.md)
- [Tenn. Code Ann. § 65-4-105 Extent of regulatory power of commission](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-105.md)
- [Tenn. Code Ann. § 65-4-106 Construction of chapter](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-106.md)
- [Tenn. Code Ann. § 65-4-107 Approval of privilege or franchise](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-107.md)
- [Tenn. Code Ann. § 65-4-108 Appeal to commission from local regulation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-108.md)
- [Tenn. Code Ann. § 65-4-109 Issuance of stocks or other evidences of indebtedness](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-109.md)
- [Tenn. Code Ann. § 65-4-110 Depreciation account for protection of holders of securities](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-110.md)
- [Tenn. Code Ann. § 65-4-111 Uniform system of accounting - Reports](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-111.md)
- [Tenn. Code Ann. § 65-4-112 Utilities leasing, merging, or consolidating property](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-112.md)
- [Tenn. Code Ann. § 65-4-113 Transfer of authority to provide utility services](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-113.md)
- [Tenn. Code Ann. § 65-4-114 Service requirements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T65_C4_S65-4-109. Check the current official text before relying on it. Not legal advice.