§ 67 — Exemption from jurisdiction of public service commission and from the provisions of the public service law

New York § 67

• Jurisdiction: New York
• Law REL: Rural Electric Cooperative
• Art. 6: General Provisions Governing Property and Affairs

Text

§ 67. Exemption from jurisdiction of public service commission and\nfrom the provisions of the public service law. Cooperatives and foreign\ncorporations doing business in this state pursuant to this chapter shall\nbe exempt in all respects from the jurisdiction and control of the\npublic service commission of this state and shall not be subject to the\nprovisions of the public service law. Each cooperative, however, shall\nfile with the public service commission an annual report verified by the\noath of the president, vice-president, treasurer, secretary, general\nmanager, or receiver, if any. The report shall show in detail\n (a) The number of its members;\n (b) The amount of its bonded indebtedness and other outstanding\nindebtedness;\n (c) Its receipts and expenditures during the preceding year;\n (d) The amount paid in reduction of its indebtedness and as interest\nupon its indebtedness;\n (e) The names of its officers and the aggregate amount paid as\nsalaries to them and the amount paid as wages to its employees;\n (f) The location of its plant or plants and system, with a full\ndescription of its property and franchises.\n