Ohio Code § 4905.47
Ohio Code § 4905.47. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 4905.47.
The public utilities commission shall not authorize the capitalization of any franchise
or right to own, operate, or enjoy any franchise in excess of the amount, exclusive
of any tax or annual charge, actually paid to any political subdivision of the state
or county as the consideration for the grant of such franchise or right, nor shall
the capital stock of a public utility or railroad corporation formed by the merger
or consolidation of two or more corporations exceed the sum of the capital stock of
the corporations consolidated or merged, at the par value of such stock, and such
sum or any additional sum actually paid in cash. No contract for consolidation or lease shall be capitalized in the stock of any
public utility or railroad corporation, and no such corporation shall issue any bonds
against or as a lien upon any contract for consolidation or merger. The aggregate amount of the debt of such consolidated companies by reason of such
consolidation shall not be increased. This section does not apply to telephone companies.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 4905.47
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 4905.47?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 4905.47 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 4905.47 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.