Okla. Stat. tit. 17, § 17-186
This is the official text of Okla. Stat. tit. 17, § 17-186, 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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Validation of securities or liens when certificate not
Official statutory text
obtained.
Securities issued or liens created by any public utility, for
the issuance or creation of which a certificate should have been,
but through excusable neglect or mistake was not, applied for, may
be validated by the Commission upon application of such public
utility, signed and verified by the president or vice-president and
setting forth the information required by Section 5, and in addition
thereto a concise statement of the reasons why such application was
Oklahoma Statutes - Title 17. Corporation Commission Page 160
not made at the time such securities were issued or lien created. If
the Commission shall find and determine that such failure to make
application was due to excusable neglect or mistake, and was not
occasioned by any design to evade compliance with the law, and that
such issue or creation was otherwise in accordance with law, the
Commission shall issue to the corporation a validating certificate.
Securities issued or liens created by any public utility, for
the issuance or creation of which a certificate should have been,
but through excusable neglect or mistake was not, applied for, may
be validated by the Commission upon application of such public
utility, signed and verified by the president or vice-president and
setting forth the information required by Section 5, and in addition
thereto a concise statement of the reasons why such application was
Oklahoma Statutes - Title 17. Corporation Commission Page 160
not made at the time such securities were issued or lien created. If
the Commission shall find and determine that such failure to make
application was due to excusable neglect or mistake, and was not
occasioned by any design to evade compliance with the law, and that
such issue or creation was otherwise in accordance with law, the
Commission shall issue to the corporation a validating certificate.
Status: in_force · Read it on the official government site
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