Indiana § 8-1-24-2 Exemption from IC 8-1-1 and IC 8-1-2

Indiana Statutes

§ 8-1-24-2 — Exemption from IC 8-1-1 and IC 8-1-2

Indiana·Art. 1 UTILITIES GENERALLY·Ch. 24 Gas Pipeline Securities

Any corporation or other business entity
engaged in the transmission of gas by pipeline, and 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 be exempt from and after July 26, 1973,
from all provisions of IC 8-1-1 and IC 8-1-2 with respect to the
issuance of its stocks, certificates of stock, bonds, notes, or other
evidences of indebtedness and with respect to the sale, assignment,
transfer, lease, or encumbrance of its franchise, works, or system.
Formerly: Acts 1973, P.L.64, SEC.1. As amended by
P.L.59-1984, SEC.92; P.L.23-1988, SEC.60.

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Any corporation or other business entity
engaged in the transmission of gas by pipeline, and 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 be exempt from and after July 26, 1973,
from all provisions of IC 8-1-1 and IC 8-1-2 with respect to the
issuance of its stocks, certificates of stock, bonds, notes, or other
evidences of indebtedness and with respect to the sale, assignment,
transfer, lease, or encumbrance of its franchise, works, or system.
Formerly: Acts 1973, P.L.64, SEC.1. As amended by
P.L.59-1984, SEC.92; P.L.23-1988, SEC.60.

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