Okla. Stat. tit. 17, § 17-158.55
This is the official text of Okla. Stat. tit. 17, § 17-158.55, 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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Domestic public utility - Filing application for
Official statutory text
approval - Exemption.
If the acquiring party is a domestic public utility, and the
rural electric cooperative, control of which is sought to be
acquired in a transaction described in Section 2 of this act which
would require the filing of a statement pursuant to Section 2 of
this act, is subject to the jurisdiction of the Commission, an
application for approval containing such information as the
Commission may prescribe by rule or regulation adopted pursuant to
this act, shall be filed with and heard by the Commission after such
notice as the Commission may prescribe, and the transaction approved
or disapproved based upon the factors enumerated in paragraphs 1
through 5 of subsection A of Section 4 of this act, subject to
judicial review as provided in Section 11 of this act, but the other
provisions of this act shall not apply to such transaction. This
act shall not apply to mergers or consolidations of rural electric
cooperatives governed by Section 437.13 or 437.14 of Title 18 of the
Oklahoma Statutes.
If the acquiring party is a domestic public utility, and the
rural electric cooperative, control of which is sought to be
acquired in a transaction described in Section 2 of this act which
would require the filing of a statement pursuant to Section 2 of
this act, is subject to the jurisdiction of the Commission, an
application for approval containing such information as the
Commission may prescribe by rule or regulation adopted pursuant to
this act, shall be filed with and heard by the Commission after such
notice as the Commission may prescribe, and the transaction approved
or disapproved based upon the factors enumerated in paragraphs 1
through 5 of subsection A of Section 4 of this act, subject to
judicial review as provided in Section 11 of this act, but the other
provisions of this act shall not apply to such transaction. This
act shall not apply to mergers or consolidations of rural electric
cooperatives governed by Section 437.13 or 437.14 of Title 18 of the
Oklahoma Statutes.
Status: in_force · Read it on the official government site
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