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U.S. Code as of:
01/19/04
Section 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.
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