South Carolina § 58-27-1720 Application for approval.

South Carolina Statutes

§ 58-27-1720 — Application for approval.

South Carolina § 58-27-1720

Title 58PUBLIC UTILITIES, SERVICES AND CARRIERS

Ch. 27ELECTRIC UTILITIES AND ELECTRIC COOPERATIVES

This text of South Carolina § 58-27-1720 (Application for approval.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 58-27-1720 (2026).

Text

Any electrical utility, except a municipality, desiring to issue any securities may apply to the commission for approval of the proposed issue by filing with the commission and providing a copy of an application to the Office of Regulatory Staff, together with a statement verified by (a) its president and secretary or other proper officers, (b) two of its incorporators, or (c) by its owner or owners, if it has no such officers, setting forth:

(1)the amount and character of securities proposed to be issued;

(2)the purpose for which they are to be issued;

(3)the consideration for which they are to be issued;

(4)the description and estimated value of the property, if any, to be acquired through the proposed issue;

(5)the terms and conditions of their issuance; and (6) the financial condi

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Any electrical utility, except a municipality, desiring to issue any securities may apply to the commission for approval of the proposed issue by filing with the commission and providing a copy of an application to the Office of Regulatory Staff, together with a statement verified by (a) its president and secretary or other proper officers, (b) two of its incorporators, or (c) by its owner or owners, if it has no such officers, setting forth: (1) the amount and character of securities proposed to be issued; (2) the purpose for which they are to be issued; (3) the consideration for which they are to be issued; (4) the description and estimated value of the property, if any, to be acquired through the proposed issue; (5) the terms and conditions of their issuance; and (6) the financial condition of the electrical utility and its previous operations so far as relevant.

Legislative History

HISTORY: 1962 Code SECTION 24-82; 1952 Code SECTION 24-82; 1942 Code SECTION 8555-2; 1932 (37) 1497; 1934 (38) 1452; 1935 (39) 207; 1937 (40) 493; 2006 Act No. 318, SECTION 199, eff May 24, 2006.