South Dakota Codified Laws 49-34A-37. Purchase of voting stock in other utilities prohibited without commission’s consent–Violation as petty offense–Separate offenses
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No public utility subject to the jurisdiction of the commission may purchase voting stock in another public utility doing business in South Dakota without first having made application to and received the approval of the commission within the time and in the manner provided in § 49-34A-36. An intentional violation of this section is a petty offense. After the first judgment, each day’s violation is a separate offense.
Terms Used In South Dakota Codified Laws 49-34A-37
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Petty offense: A federal misdemeanor punishable by six months or less in prison. Source: U.S. Courts
Source: SL 1975, ch 283, § 24; SL 1983, ch 15, § 143; SL 2007, ch 270, § 3.