South Carolina Statutes
§ 58-27-1710 — Securities shall not be issued without approval of Commission; exceptions.
South Carolina·Title 58 PUBLIC UTILITIES, SERVICES AND CARRIERS·Ch. 27 ELECTRIC UTILITIES AND ELECTRIC COOPERATIVES
No electrical utility, except a municipality, shall issue any securities without the approval of the Commission. Nothing herein contained shall apply to any issue of securities payable within one year from the date thereof, except in case of issues made to refund such short-time obligations; but such short-time obligations may be renewed by similar obligations without the approval of the Commission for an aggregate period of not exceeding two years.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 58-27-1710 (Securities shall not be issued without approval of Commission; exceptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 24-81; 1952 Code SECTION 24-81; 1942 Code SECTION 8555-2; 1932 (37) 1497; 1934 (38) 1452; 1935 (39) 207; 1937 (40) 493.
Nearby Sections
15
§ 58-27-10
Definitions.§ 58-27-1020
Capitalization for rate-making purposes.§ 58-27-1040
Certain sections cumulative.§ 58-27-1050
Distributed energy resources; report required.§ 58-27-110
Effect of chapter on interstate commerce.§ 58-27-1105
Definitions.§ 58-27-1110
Petition for financing order; requirements.