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§ 6-209. Listing of occupations and business affiliations of officers and directors in annual r...

West's Annotated Code of MarylandPublic Utilities

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division I. Public Services and Utilities [Titles 1-15] (Refs & Annos)
Title 6. Business Structure (Refs & Annos)
Subtitle 2. Reporting Requirements (Refs & Annos)
MD Code, Public Utilities, § 6-209
Formerly cited as MD PUBLIC UTIL COMP § 6-209
§ 6-209. Listing of occupations and business affiliations of officers and directors in annual report
Occupations and business affiliations of officers and directors
(a)(1) A public service company shall list in its annual report the name and address of:
(i) each principal officer, director, trustee, or partner of the public service company and its parent; and
(ii) each individual exercising functions similar to that of a director, trustee, or partner on behalf of the public service company and its parent.
(2) For each individual described in paragraph (1) of this subsection, the public service company shall list:
(i) the title and position with the public service company and any parent;
(ii) the title and position with any subsidiary of the public service company and any other company, firm, or organization that the public service company controls;
(iii) the principal occupation or business affiliation, if different than that provided in item (i) or (ii) of this paragraph; and
(iv) each affiliation with any other business or financial organization, firm, or partnership doing business with the public service company.
Contracts, agreements, or other business arrangements
(b) In its annual report, a public service company shall:
(1) list each contract, agreement, or other business arrangement exceeding an aggregate value of $1,000,000 between the public service company and any business or financial organization, firm, or partnership listed under subsection (a)(2)(iii) and (iv) of this section;
(2) except for compensation related to a position with the public service company, list each contract, agreement, or other business arrangement with a value exceeding $2,500 entered into during the reporting year between the public service company and each officer and director listed in subsection (a) of this section;
(3) for each contract, agreement, or other business arrangement described in paragraph (1) or (2) of this subsection, identify the parties, amounts, dates, and product or service involved; and
(4) list the professional services performed for the public service company by each firm, partnership, or organization with which an officer or director of the public service company is affiliated.

Credits

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998. Amended by Acts 1998, c. 653, § 1, eff. Oct. 1, 1998.
Formerly Art. 78, § 67D.
MD Code, Public Utilities, § 6-209, MD PUBLIC UTIL § 6-209
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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