South Carolina Code 58-27-1160. Assignee or financing party
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Terms Used In South Carolina Code 58-27-1160
- assignee: means a legally recognized entity to which an electrical utility assigns, sells, or transfers, other than as a security, all or a portion of its interest in or right to storm recovery property. See South Carolina Code 58-27-1105
- electrical utility: is a s defined in § 58-27-10(7). See South Carolina Code 58-27-1105
- financing party: means bondholders and trustees, collateral agents, any party under an ancillary agreement, or any other person acting for the benefit of bondholders. See South Carolina Code 58-27-1105
- person: includes all individuals, partnerships, or associations other than corporations. See South Carolina Code 58-27-10
An assignee or financing party is not an electrical utility or person providing electric service by virtue of engaging in the transactions described in this article.