62-171. Commission may act jointly with agency of another state where public utility operates.
If a commission or other agency or agencies is empowered by another state to regulate and control the amount and character of securities to be issued by any public utility within such other state, then the Utilities Commission of the State of North Carolina shall have the power to agree with such commission or other agency or agencies of such other state on the issue of stocks, bonds, notes or other evidences of indebtedness by a public utility owning or operating a public utility both in such state and in this State, and shall have the power to approve such issue jointly with such commission or other agency or agencies and to issue joint certificate of such approval: Provided, however, that no such joint approval shall be required in order to express the consent to an approval of such issue by the State of North Carolina if said issue is separately approved by the Utilities Commission of the State of North Carolina. (1933, c. 134, s. 8; c. 307, s. 28; 1941, c. 97; 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.