1. Change of capital. No public utility may without the consent of the commission:
A. Decrease its capital;
B. Declare any stock, bond or scrip dividend; or
C. Divide the proceeds of the sale of its own or any stock, bonds or scrip among stockholders.
2. Change of purpose. No change of purposes of a public utility, unless specifically chartered, becomes effective until:
A. Approved by the commission; and
B. A certificate of approval is filed with the Secretary of State within 20 days of the date it is approved.