Section 106. Approval of loans  


Latest version.
  • Except with the consent and approval of the
      public  service  commission  first  had  and obtained, no public utility
      shall  loan  moneys,  stocks,  bonds,  notes  or  other   evidences   of
      indebtedness,  to  any corporation, company, association, partnership or
      individual, owning or holding, directly or indirectly, any stock of said
      public utility.