Code of Federal Regulations (alpha)

CFR /  Title 18  /  Part 45  /  Sec. 45.1 Applicability; who must file.

(a) This part applies to any person seeking to hold the following interlocking positions:

(1) Officer or director of more than one public utility;

(2) Officer or director of a public utility and of any bank, trust company, banking association, or firm that is authorized by law to underwrite or participate in the marketing of securities of a public utility; or

(3) Officer or director of a public utility and of any company supplying electrical equipment to a public utility.

(b) Any person seeking to hold any interlocking position described in Sec. 45.2 of this chapter must do the following:

(1) Apply for Commission authorization under Sec. 45.8 of this chapter; or

(2) If qualified, comply with the requirements for automatic authorization under Sec. 45.9 of this chapter. [Order 446, 51 FR 4904, Feb. 10, 1986]