2013 Hawaii Revised Statutes
TITLE 15. TRANSPORTATION AND UTILITIES
269. Public Utilities Commission
269-18 Acquirement of stock of another public utility.
Revision Note
Part heading added by revisor.
§269-18 Acquirement of stock of another public utility. No public utility corporation shall purchase or acquire, take or hold, any part of the capital stock of any other public utility corporation, organized or existing under or by virtue of the laws of the State, without having been first authorized to do so by the order of the public utilities commission. Every assignment, transfer, contract, or agreement for assignment or transfer of any stock by or through any person or corporation to any corporation or otherwise in violation of this section shall be void and of no effect; and no such transfer shall be made on the books of any public utility. Nothing herein shall be construed to make illegal the holding of stock lawfully acquired before July 1, 1933. [L 1933, c 169, pt of §4; RL 1935, §7956; RL 1945, §4717; RL 1955, §104-17; HRS §269-18]
Case Notes
State-federal jurisdiction over interisland air transportation. 235 F. Supp. 990; 47 H. 1, 87, 384 P.2d 536.
Disclaimer: These codes may not be the most recent version. Hawaii may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
