§ 8-1-2.7-7 — Ballots; form; results

Indiana § 8-1-2.7-7

• Jurisdiction: Indiana
• Art. 1: UTILITIES GENERALLY
• Ch. 2.7: Local Water Corporations; Indiana Utility Regulatory

Text

The board shall distribute secret written ballots
to the members or shareholders present at the meeting. The form of the
ballots must be as follows:
[] YES, I want to withdraw from the jurisdiction of the
commission.
[] NO, I want to remain under the jurisdiction of the commission.
Each member or shareholder is entitled to one (1) vote, either in person
at the meeting or by absentee ballot, on the question of withdrawal
from commission jurisdiction. Proxy votes may not be permitted. If a
majority of voting members or shareholders vote in favor of the utility
withdrawing from commission jurisdiction, the withdrawal becomes
effective thirty (30) days after the date of the meeting at which the vote
is conducted. If less than a majority of the voting members or
shareholders vote in favor of withdrawal from commission jurisdiction,
the utility is prohibited from seeking withdrawal for two (2) years
following the date of the meeting at which the vote is conducted.

Legislative History

As added by P.L.108-1989, SEC.1. Amended by P.L.80-1997, SEC.10; P.L.82-1997, SEC.10; P.L.159-1999, SEC.10; P.L.60-2024, SEC.4.