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The Laws of New York
Consolidated Laws of New York
CHAPTER 77-A
Rural Electric Cooperative
ARTICLE 6
General Provisions Governing Property and Affairs
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SECTION 67
Exemption from jurisdiction of public service commission and from the provisions of the public service law
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ARTICLE 6
General Provisions Governing Property and Affairs
This entry was published on 2014-09-22
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SECTION 68
Exemption of securities
Rural Electric Cooperative (REL) CHAPTER 77-A, ARTICLE 6
§ 68. Exemption of securities. The provisions of article
twenty-three-a of the general business law shall not apply to any note,
bond or other evidence of indebtedness issued by any cooperative or
foreign corporation doing business in this state pursuant to this
chapter to United States of America or any agency or instrumentality
thereof, or to any mortgage, deed of trust or other instrument executed
to secure the same. The provisions of said article twenty-three-a shall
not apply to the issuance of membership certificates by any cooperative
or any such foreign corporation.