§ 108 — Approval of dissolution and of certificates of merger or consolidation, certificates of amendment of certificates of incorporation, and r...

New York § 108

• Jurisdiction: New York
• Law PBS: Public Service
• Art. 6: Provisions Affecting Two or More Kinds of the Public Service and the Persons and Corporations Furnishing Such Service

Text

§ 108. Approval of dissolution and of certificates of merger or\nconsolidation, certificates of amendment of certificates of\nincorporation, and restated certificates of incorporation of public\nutility corporations. 1. No public utility corporation shall deliver to\nthe department of state for filing, nor shall the department of state\nfile, a certificate of dissolution, a certificate of merger or\nconsolidation, or a certificate of amendment of a certificate of\nincorporation under section eight hundred five of the business\ncorporation law or a restated certificate of incorporation under section\neight hundred seven of the business corporation law which makes any\namendment specified in subparagraphs eight, nine, ten, eleven and twelve\nof paragraph (b) of section eight hundred one of the business\ncorporation law, unless such certificate shall have endorsed thereon the\nconsent and approval of the commission.\n 2. No public utility corporation shall be dissolved pursuant to the\nprovisions of article eleven of the business corporation law until the\ncommission shall have first approved such dissolution.\n 3. The provisions of this section shall not apply to a public utility\ncorporation subject to regulation by the commission only as a contract\ncarrier of passengers by motor vehicle, nor to a certificate of\namendment or restated certificate of incorporation of a public utility\ncorporation subject to regulation by the commission only as a motor\ncarrier of property.\n