§ 158.50. Definitions
Oklahoma Statutes AnnotatedTitle 17. Corporation CommissionEffective: April 22, 2024
Effective: April 22, 2024
17 Okl.St.Ann. § 158.50
§ 158.50. Definitions
4. “Control” (including the terms “controlling”, “controlled by”, and “under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership, by contract, purchase of assets, or otherwise, unless such power is the result of an official position with, or corporate office held in, such person. Control shall be presumed to exist if any person, directly or indirectly, owns or controls the assets of such rural electric cooperative. This presumption may be rebutted by showing that control does not exist in fact. The Commission may determine, after furnishing all persons in interest notice and opportunity to be heard and making specific findings of fact to support such determination, that control exists in fact, notwithstanding the absence of a presumption to that effect;
5. “Domestic public utility” means a person doing business in the state, including any other person controlling such a domestic public utility, any substantial portion of the revenues of which, either directly or indirectly, are derived from the business of providing utility service in this state, except that such term does not include agencies, authorities or instrumentalities of the United States or a state or political subdivision of a state;
6. “Person” means an individual, a corporation, a partnership, an association, a joint stock company, a trust, an unincorporated organization, any similar entity or any combination of the foregoing acting in concert, but shall not include any securities broker performing no more than the usual and customary broker's function;
Credits
Laws 1987, c. 59, § 1, emerg. eff. April 30, 1987; Laws 2024, c. 67, § 2, emerg. eff. April 22, 2024.
<Constitutional conflicts and inconsistencies, see Title 17, § 158.61.>
17 Okl. St. Ann. § 158.50, OK ST T. 17 § 158.50
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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