No jurisdictional utility shall purchase or acquire, take, or hold any part of the voting stock, bonds, or other forms of indebtedness of any competing jurisdictional utility, either as owner or pledgee, unless authorized by the commission.
Neb. Rev. Stat. § 66-1816
Jurisdictional utility; ownership of competitor; prohibited; when
Laws 2003, LB 790, § 16.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.