N.Y. Rural Elec. Coop. Law § 67

Current through 2024 NY Law Chapter 679

Section 67 - Exemption from jurisdiction of public service commission and from the provisions of the public service law

Cooperatives and foreign corporations doing business in this state pursuant to this chapter shall be exempt in all respects from the jurisdiction and control of the public service commission of this state and shall not be subject to the provisions of the public service law. Each cooperative, however, shall file with the public service commission an annual report verified by the oath of the president, vice-president, treasurer, secretary, general manager, or receiver, if any. The report shall show in detail

(a) The number of its members;

(b) The amount of its bonded indebtedness and other outstanding indebtedness;

(c) Its receipts and expenditures during the preceding year;

(d) The amount paid in reduction of its indebtedness and as interest upon its indebtedness;

(e) The names of its officers and the aggregate amount paid as salaries to them and the amount paid as wages to its employees;

(f) The location of its plant or plants and system, with a full description of its property and franchises.

N.Y. Rural. Elec. Coop. Law § 67