H 2150 General Bill, By R. Schwartz
Similar (H 2255)
    A Bill to amend Section 33-45-90, Code of Laws of South Carolina, 1976, relating to limitations on the amount of stock that may be owned by a stockholder in a cooperative association, so as to provide that a telephone cooperative association may own a majority or all of the capital stock of another corporation or cooperative association and may cast votes pertaining to the management of the other corporation or association in proportion to the number of shares owned therein; to amend Section 58-3-170, relating to the authority of the Public Service Commission to fix and supervise agreements between and among common carriers and telephone and telegraph companies, so as to provide that with certain exceptions the provisions of the Section shall not apply to transactions between a telephone cooperative association and its subsidiary corporation or cooperative association; to amend Section 58-9-310, relating to the requirement that a telephone utility may not sell, merge, or consolidate its property, powers, franchises, or privileges without the approval of the Public Service Commission, so as to provide that a telephone cooperative association may acquire or incorporate a subsidiary corporation or cooperative association without the approval of the Commission; and to amend Section 58-9-320, relating to transactions between a telephone utility and its affiliates and the authority of the Commission to regulate such transactions, so as to provide that the provisions of this Section shall not apply to the acquisition or incorporation of or merger between a telephone cooperative association and another corporation or cooperative association.

01/11/83	House	Introduced and read first time HJ-233
01/11/83	House	Referred to Committee on Judiciary HJ-234
02/23/83	House	Tabled in committee