§ 79d. — Transactions by unregistered holding companies.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC79d]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2C--PUBLIC UTILITY HOLDING COMPANIES
Sec. 79d. Transactions by unregistered holding companies
(a) Transactions after December 1, 1935
After December 1, 1935, unless a holding company is registered under
section 79e of this title, it shall be unlawful for such holding
company, directly or indirectly--
(1) to sell, transport, transmit, or distribute, or own or
operate any utility assets for the transportation, transmission, or
distribution of, natural or manufactured gas or electric energy in
interstate commerce;
(2) by use of the mails or any means or instrumentality of
interstate commerce, to negotiate, enter into, or take any step in
the performance of, any service, sales, or construction contract
undertaking to perform services or construction work for, or sell
goods to, any public-utility company or holding company;
(3) to distribute or make any public offering for sale or
exchange of any security of such holding company, any subsidiary
company or affiliate of such holding company, any public-utility
company, or any holding company, by use of the mails or any means or
instrumentality of interstate commerce, or to sell any such security
having reason to believe that such security, by use of the mails or
any means or instrumentality of interstate commerce, will be
distributed or made the subject of a public offering;
(4) by use of the mails or any means or instrumentality of
interstate commerce, to acquire or negotiate for the acquisition of
any security or utility assets of any subsidiary company or
affiliate of such holding company, any public-utility company, or
any holding company;
(5) to engage in any business in interstate commerce; or
(6) to own, control, or hold with power to vote, any security of
any subsidiary company thereof that does any of the acts enumerated
in paragraphs (1) to (5) of this subsection.
(b) Outstanding securities held by nonresidents; registration
Every holding company which has outstanding any security any of
which, by use of the mails or any means or instrumentality of interstate
commerce, has been distributed or made the subject of a public offering
subsequent to January 1, 1925, and any of which security was owned or
held on October 1, 1935 (or, if such company is not a holding company on
that date, on the date such company becomes a holding company) by
persons not resident in the State in which such holding company is
organized, shall register under section 79e of this title on or before
December 1, 1935 or the thirtieth day after such company becomes a
holding company, whichever date is later.
(Aug. 26, 1935, ch. 687, title I, Sec. 4, 49 Stat. 812.)
Section Referred to in Other Sections
This section is referred to in section 79z-3 of this title.
