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Georgia Statutes

§ 46-3-176 — Obligations issued to secure payment of federal loans as constituting securities; exemption of obligations and membership certificates from Georgia securities laws

Georgia·Title 46
Whenever any electric membership corporation shall have borrowed money from any federal agency, the obligations issued to secure the payment of such money shall be and are classified as securities, the inherent qualities of which assure their sale and disposition without the perpetuation of fraud and which, together with membership certificates issued by any such electric membership corporation, shall not be subject to the Georgia securities laws.

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Georgia § 46-3-176 (Obligations issued to secure payment of federal loans as constituting securities; exemption of obligations and membership certificates from Georgia securities laws) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
§ 46-1-1
Definitions
§ 46-1-2
Measure of damages for wrongs and injuries by railroad companies generally; venue for actions against railroad companies and electric companies generally
§ 46-1-3
Applicability of powers granted by title to other companies or entities regulated by commission
§ 46-1-4
Applicability of title to carriers engaged in interstate commerce
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Duties of Department of Human Services with regard to assistance to low or fixed income consumers of gas and electric service
§ 46-1-6
Governmental entities prohibited from restricting utility service connection or sale of fuels based on type; ability to choose utility service
§ 46-10-1
through 46-10-9 - Reserved
§ 46-11-1
through 46-11-6 - [Repealed]
§ 46-2-1
Election of Commissioners; terms of office
§ 46-2-1-1
Elections for Public Service Commission Districts 2, 3, and 5
§ 46-2-10
Payment of special fee by corporations and utilities subject to jurisdiction of commission; notice of amount due; procedure on default
§ 46-2-2
Qualifications of Commissioners; restriction on any interest in companies under jurisdiction of commission; disqualification of Commissioner
§ 46-2-20
Jurisdiction of commission generally; powers and duties of commission generally
§ 46-2-20-1
Electric vehicle charging services; operation
§ 46-2-21
Extension of commission's powers and duties to street railroads, telegraph companies, telephone companies, and gas and electric light and power companies
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