Code of Massachusetts Regulations
220 CMR - DEPARTMENT OF PUBLIC UTILITIES
Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies
LIABILITIES AND OTHER CREDITS
7 - PROPRIETARY CAPITAL
CAPITAL STOCK
Section 207 - Premium on Capital Stock

Universal Citation: 220 CMR 50.00 MA Code of Regs 207

Current through Register 1531, September 27, 2024

A. This account shall include in a separate subdivision for each class and series of stock, the excess of the actual cash value of the consideration received on original issues of capital stock over the par value and accrued dividends of such stock.

B. Premium on capital stock shall not be set off against expenses. Further, a premium received on an issue of a certain class or series of stock shall not be set off against expenses of another issue of the same class or series.

C. When capital stock which has been actually issued is retired, the amount in this account applicable to the shares retired shall be transferred to account 210, Gain on Cancellation of Reacquired Capital Stock.

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