N.J. Admin. Code § 14:17-6.14 - Petitions for authority to transfer capital stock
(a) Petitions
for authority to transfer upon the books and records of any cable television
company, pursuant to
N.J.S.A.
48:5A-1 et seq., where applicable, any share
or shares of its capital stock, shall conform to the provisions at N.J.A.C.
14:17-4, 6.1, 6.2, 6.3, and 6.4, to the extent applicable, and shall, in the
body thereof or in attached exhibits, also provide the following information:
1. The name and address of the proposed
transferor and transferee;
2. A
description of the proposed transferee including information as to whether the
proposed transferee is a cable television company, a holding company either
separately or by affiliation in a cable television holding company system, or a
person or other domestic or foreign corporation;
3. A description of the capital stock
proposed to be transferred including the class of shares, number of shares and
the par or stated value thereof;
4.
The per cent in interest of the outstanding voting capital stock of the cable
television company which the proposed transfer, either by itself or in
connection with other previous sales or transfers, will vest in the
transferee;
5. The reason for the
proposed transfer;
6. Details and
explanation of any changes expected to be made, if petition is approved, in:
i. Board of Directors;
ii. Officers and active managers;
iii. Company policies with respect to its
operations, financing, accounting, capitalization, rates, depreciation,
maintenance, services and other matters affecting the public
interest.
7. The
qualifications and the business or technical experience of the proposed
officers, directors and stockholders, or other principal management and
operating personnel with particular respect to their ability to carry out the
cable television company's obligation to render safe, adequate, efficient and
proper service.
8. Proof of service
of notice of the proposed transfer to the municipalities being served by the
cable television company.
(b) For purposes of this section, proof of
service of notice shall include a copy of the notice and certification of
service upon the indicated party.
Notes
See: 17 New Jersey Register 1062(b), 17 New Jersey Register 2142(b).
Proof of service of notice to municipalities added at (a)8.
Amended by R.1994 d.194, effective
See: 26 New Jersey Register 96(a), 26 New Jersey Register 1683(a).
Amended by R.1999 d.108, effective
See: 30 New Jersey Register 4131(a), 31 New Jersey Register 898(a).
Added (b).
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