Section 49-34A-37 - Purchase of voting stock in other utilities prohibited without commission'sconsent--Violation as petty offense--Separate offenses. - South Dakota Statutes

49-34A-37. Purchase of voting stock in other utilities prohibited without commission's consent--Violation as petty offense--Separate offenses. 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.

Source: SL 1975, ch 283, § 24; SL 1983, ch 15, § 143; SL 2007, ch 270, § 3.