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New York Codes Rules Regulations (Last Updated: March 27,2024) |
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TITLE 16. Department of Public Service |
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Chapter IV. Steam Utilities |
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Subchapter F. Uniform Systems of Accounts |
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Article 1. Classes A and B |
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Part 462. Instructions—Balance Sheet Accounts |
Sec. 462.9. Nominally issued securities
Latest version.
- (a) Each utility shall maintain, in addition to the capital stock and bond accounts shown in the balance sheet, memorandum debit and credit accounts for securities which have been nominally, but not actually, issued.(b) When non-par stock is nominally issued the number of shares issued shall be shown in the memorandum accounts.(c) Subdivisions shall be maintained under the memorandum accounts for each class of securities.