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2025 Utah Code
Title 54 - Public Utilities
Chapter 4 - Authority of Commission Over Public Utilities
Section 29 - Acquiring voting stock or securities of like utility only on consent of commission.
Universal Citation:
UT Code § 54-4-29 (2025)
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54-4-29. Acquiring voting stock or securities of like utility only on consent of commission.
Hereafter no public utility shall purchase or acquire any of the voting securities or the secured obligations of any other public utility engaged in the same general line of business without the consent and approval of the Public Service Commission, which shall be granted only after investigation and hearing and finding that such purchase and acquisition of such securities, or obligations, will be in the public interest.
Amended by Chapter 9, 2001 General Session
Hereafter no public utility shall purchase or acquire any of the voting securities or the secured obligations of any other public utility engaged in the same general line of business without the consent and approval of the Public Service Commission, which shall be granted only after investigation and hearing and finding that such purchase and acquisition of such securities, or obligations, will be in the public interest.
Amended by Chapter 9, 2001 General Session
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