Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to corporations, authorities and commissions |
Jan 29, 2015 |
referred to corporations, authorities and commissions |
Assembly Bill A4101
2015-2016 Legislative Session
Sponsored By
WRIGHT
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2015-A4101 (ACTIVE) - Details
2015-A4101 (ACTIVE) - Summary
Changes the standard for annually reporting of stock interests by public utilities to the public service commission from those stockholders with 1% or more of the voting capital stock to those with 10% or more; provides for reporting of such interests when held by a trustee, other intermediate agency or another corporation.
2015-A4101 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4101 2015-2016 Regular Sessions I N A S S E M B L Y January 29, 2015 ___________ Introduced by M. of A. WRIGHT -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public service law, in relation to the information included in the annual reports submitted by public utilities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 111 of the public service law, as added by chapter 761 of the laws of 1930 and the opening paragraph of subdivision 1 as amended by chapter 855 of the laws of 1945, is amended to read as follows: S 111. Additional information in annual reports; disclosure of stock- holdings. 1. Every PUBLIC UTILITY COMPANY SHALL STATE IN ITS annual report [of any utility corporation reporting under this chapter to the public service commission shall contain, in addition to any other infor- mation required to be included by or pursuant to law, the following information: a. It shall state] the name and address of, and the number of shares held by, each holder of [one] TEN per centum or more of [the] ITS voting capital [of the reporting corporation, according to] STOCK AS SET FORTH IN its records. [b. Where one] IN THE EVENT THAT A TRUSTEE, OTHER INTERMEDIATE AGENCY, OR ANOTHER CORPORATION HOLDS TEN per centum or more of the voting capi- tal stock [of the reporting corporation is held by a trustee or trus- tees, or other intermediate agency,] for the beneficial interest of an owner [or owners,] other than the holder of record[, or where one per centum or more of the voting capital stock of the reporting corporation is held by another corporation], such PUBLIC UTILITY COMPANY SHALL STATE IN ITS annual report [shall state], if the information is available from [the] ITS records [of the reporting corporation], the names [and], addresses and respective interests of such beneficial owners[, and the names and addresses of the officers and directors of any such other EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04978-01-5
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