South Carolina § 58-27-1720 - Application for approval.
Full text of South Carolina South Carolina Code of Laws § 58-27-1720 — Application for approval., with citation guidance and answers to common questions.
§ 58-27-1720. Application for approval.
Any electrical utility, except a municipality, desiring to issue any securities may apply to the commission for approval of the proposed issue by filing with the commission and providing a copy of an application to the Office of Regulatory Staff, together with a statement verified by (a) its president and secretary or other proper officers, (b) two of its incorporators, or (c) by its owner or owners, if it has no such officers, setting forth:
(1) the amount and character of securities proposed to be issued;
(2) the purpose for which they are to be issued;
(3) the consideration for which they are to be issued;
(4) the description and estimated value of the property, if any, to be acquired through the proposed issue;
(5) the terms and conditions of their issuance; and
(6) the financial condition of the electrical utility and its previous operations so far as relevant.
HISTORY: 1962 Code SECTION 24-82; 1952 Code SECTION 24-82; 1942 Code SECTION 8555-2; 1932 (37) 1497; 1934 (38) 1452; 1935 (39) 207; 1937 (40) 493; 2006 Act No. 318, SECTION 199, eff May 24, 2006.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 58-27-1720
What does South Carolina Code of Laws § 58-27-1720 cover?
Section 58-27-1720 ("Application for approval.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 58-27-1720?
A common citation format is "South Carolina Code of Laws § 58-27-1720" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 58-27-1720 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.