62-162. Commission may approve in whole or in part or refuse approval.
The Commission, by its order, may grant or deny the application provided for in the preceding section [G.S. 62-161] as made, or may grant it in part or deny it in part or may grant it with such modification and upon such terms and conditions as the Commission may deem necessary or appropriate in the premises and may, from time to time, for good cause shown, make such supplemental orders in the premises as it may deem necessary or appropriate and may, by any such supplemental order, modify the provisions of any previous order as to the particular purposes, uses, and extent to which or the conditions under which any securities so authorized or the proceeds thereof may be applied; subject always to the requirements of the foregoing section [G.S. 62-161]. (1933, c. 307, s. 19; 1963, c. 1165, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 8 - Securities Regulation.
§ 62-160 - Permission to pledge assets.
§ 62-162 - Commission may approve in whole or in part or refuse approval.
§ 62-163 - Contents of application for permission.
§ 62-164 - Applications to receive immediate attention; continuances.
§ 62-165 - Notifying Commission as to disposition of securities.
§ 62-166 - No guarantee on part of State.
§ 62-167 - Article not applicable to note issues and renewals; notice to Commission.
§ 62-168 - Not applicable to debentures of court receivers.
§ 62-169 - Periodical or special reports.
§ 62-171 - Commission may act jointly with agency of another state where public utility operates.