Okla. Stat. tit. 17, § 17-158.50
This is the official text of Okla. Stat. tit. 17, § 17-158.50, part of Oklahoma’s Stat. tit. 17, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 17,." Browse the sections below, each linked to its official government source.
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Definitions
Official statutory text
1. "Acquiring party" means a person and all affiliates thereof
by whom or on whose behalf an acquisition of control referred to in
Section 158.51 of this title is to be effected;
2. "Affiliate" means a person who directly, or indirectly
through one or more intermediaries, controls, or is controlled by or
is under common control with the person specified including any
corporation created at the direction of the person specified for
purposes of corporate reorganization;
3. "Commission" means the Oklahoma Corporation Commission;
4. "Control" (including the terms "controlling", "controlled
by", and "under common control with") means the possession, direct
or indirect, of the power to direct or cause the direction of the
management and policies of a person, whether through the ownership,
by contract, purchase of assets, or otherwise, unless such power is
the result of an official position with, or corporate office held
in, such person. Control shall be presumed to exist if any person,
directly or indirectly, owns or controls the assets of such rural
electric cooperative. This presumption may be rebutted by showing
that control does not exist in fact. The Commission may determine,
after furnishing all persons in interest notice and opportunity to
be heard and making specific findings of fact to support such
determination, that control exists in fact, notwithstanding the
absence of a presumption to that effect;
Oklahoma Statutes - Title 17. Corporation Commission Page 106
5. "Domestic public utility" means a person doing business in
the state, including any other person controlling such a domestic
public utility, any substantial portion of the revenues of which,
either directly or indirectly, are derived from the business of
providing utility service in this state, except that such term does
not include agencies, authorities or instrumentalities of the United
States or a state or political subdivision of a state;
6. "Person" means an individual, a corporation, a partnership,
an association, a joint stock company, a trust, an unincorporated
organization, any similar entity or any combination of the foregoing
acting in concert, but shall not include any securities broker
performing no more than the usual and customary broker's function;
7. "Rural electric cooperative" means a person doing business
in the state, pursuant to Section 437.1 et seq. of Title 18 of the
Oklahoma Statutes;
8. "Utility service" means the distribution, delivery or
furnishing of electric current for sale to the public for light,
heat or power, provided that such term shall not include entities as
described by the provisions of paragraph 2 of subsection B of
Section 151 of this title;
9. "Assets" in the case of a rural electric cooperative means
the physical plant, equipment, accounts receivable, accounts
payable, capital credits and all other assets of such rural electric
cooperative.
by whom or on whose behalf an acquisition of control referred to in
Section 158.51 of this title is to be effected;
2. "Affiliate" means a person who directly, or indirectly
through one or more intermediaries, controls, or is controlled by or
is under common control with the person specified including any
corporation created at the direction of the person specified for
purposes of corporate reorganization;
3. "Commission" means the Oklahoma Corporation Commission;
4. "Control" (including the terms "controlling", "controlled
by", and "under common control with") means the possession, direct
or indirect, of the power to direct or cause the direction of the
management and policies of a person, whether through the ownership,
by contract, purchase of assets, or otherwise, unless such power is
the result of an official position with, or corporate office held
in, such person. Control shall be presumed to exist if any person,
directly or indirectly, owns or controls the assets of such rural
electric cooperative. This presumption may be rebutted by showing
that control does not exist in fact. The Commission may determine,
after furnishing all persons in interest notice and opportunity to
be heard and making specific findings of fact to support such
determination, that control exists in fact, notwithstanding the
absence of a presumption to that effect;
Oklahoma Statutes - Title 17. Corporation Commission Page 106
5. "Domestic public utility" means a person doing business in
the state, including any other person controlling such a domestic
public utility, any substantial portion of the revenues of which,
either directly or indirectly, are derived from the business of
providing utility service in this state, except that such term does
not include agencies, authorities or instrumentalities of the United
States or a state or political subdivision of a state;
6. "Person" means an individual, a corporation, a partnership,
an association, a joint stock company, a trust, an unincorporated
organization, any similar entity or any combination of the foregoing
acting in concert, but shall not include any securities broker
performing no more than the usual and customary broker's function;
7. "Rural electric cooperative" means a person doing business
in the state, pursuant to Section 437.1 et seq. of Title 18 of the
Oklahoma Statutes;
8. "Utility service" means the distribution, delivery or
furnishing of electric current for sale to the public for light,
heat or power, provided that such term shall not include entities as
described by the provisions of paragraph 2 of subsection B of
Section 151 of this title;
9. "Assets" in the case of a rural electric cooperative means
the physical plant, equipment, accounts receivable, accounts
payable, capital credits and all other assets of such rural electric
cooperative.
Status: in_force · Read it on the official government site
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