§ 8-1-24-1 — Approval of commission not required for certain transactions

Indiana § 8-1-24-1

• Jurisdiction: Indiana
• Art. 1: UTILITIES GENERALLY
• Ch. 24: Gas Pipeline Securities

Text

Notwithstanding any other statute or rule of law
of the state, any corporation or other business entity engaged in the
transmission of gas by pipeline, which is subject to the supervision,
control, or jurisdiction of the federal government or any agency, board
or commission thereof with respect to construction of additional
facilities, shall not be required to obtain the leave, approval, or consent
of the commission for the issuance of any of its stocks, certificates of
stock, bonds, notes, or other evidences of indebtedness nor shall any
such corporation or other business entity be required to obtain the
approval of the commission in order to sell, assign, transfer, lease, or
encumber its franchise, works, or system to any other person,
partnership, limited liability company, or corporation.
Formerly: Acts 1973, P.L.64, SEC.1. As amended by
P.L.23-1988, SEC.59; P.L.8-1993, SEC.130.