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Current as of January 01, 2024 | Updated by Findlaw Staff
It is unlawful, unless such relationship has been authorized by order of the commission:
a. For any air carrier to have and retain an officer or director who is an officer, director, or member, or who as a stockholder holds a controlling interest, in any other common carrier.
b. For any air carrier, knowingly and willingly, to have and retain an officer or director who has a representative or nominee who represents such officer, director or member as an officer, director, or member as a stockholder holding a controlling interest, in any other common carrier.
c. For any person who is an officer or director of an air carrier to hold the position of officer, director or member, or to have a stockholder holding a controlling interest, or to have a representative or nominee who represents such a person as an officer, director, or member, or as a stockholder holding a controlling interest in any common carrier.
Cite this article: FindLaw.com - Idaho Statutes Title 61. Public Utility Regulation § 61-1111. Unauthorized controlling interest - last updated January 01, 2024 | https://codes.findlaw.com/id/title-61-public-utility-regulation/id-st-sect-61-1111/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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