N.Y. Public Service Law § 111: Additional information in annual reports; disclosure of stockholdings

§ 111. Additional information in annual reports; disclosure of

stockholdings. 1. Every annual report of any utility corporation

reporting under this chapter to the public service commission shall

contain, in addition to any other information required to be included by

or pursuant to law, the following information:

a. It shall state the name and address of, and the number of shares

held by each holder of one per centum or more of the voting capital of

the reporting corporation, according to its records.

b. Where one per centum or more of the voting capital stock of the

reporting corporation is held by a trustee or trustees, or other

intermediate agency, for the beneficial interest of an owner or owners,

other than the holder of record, or where one per centum or more of the

voting capital stock of the reporting corporation is held by another

corporation, such annual report shall state, if the information is

available from the records of the reporting corporation, the names and

addresses and respective interests of such beneficial owners, and the

names and addresses of the officers and directors of any such other

corporation and the total number of shares of capital stock thereof held

by each, showing separately the number of shares of the voting capital

stock, and the names and addresses and respective stockholdings of every

stockholder of such other corporation holding one per centum or more of

its voting capital stock. Such report shall be accompanied by a

certified copy of each trust agreement or other instrument under which

any voting capital stock of the reporting corporation is held.

2. Where the information specified in paragraph "b" of the foregoing

subdivision is not available from the records of the reporting

corporation, any such holder, of record, of one per centum or more of

the voting capital stock of the reporting corporation, if ordered so to

do by the commission, shall file with the commission, a sworn statement,

in such form and to be filed within such time as the commission shall

prescribe, setting forth whether or not any of such stock held by him or

it is so held for the beneficial ownership of any person, firm or

corporation other than the record holder thereof, and, if stated to be

so held, the names, addresses and respective interests of such

beneficial owners. If such stockholder is a trustee, he or it also shall

file with such statement a certified copy of the trust agreement or

other instrument under which such stock is held. A corporation which is

the holder, of record, of one per centum or more of the voting capital

stock of the reporting corporation, if ordered so to do by the

commission, and regardless of whether the information is or is not

available or apparently available from the records of the reporting

corporation, also shall file with the commission a sworn statement, in

such form and to be filed within such time as the commission shall

prescribe, or shall include in the sworn statement, if any, required to

be filed by it pursuant to other provisions of this subdivision a

statement setting forth the names and addresses of its officers and

directors and the total number of shares of its capital stock, held by

each, showing separately the number of shares of the voting capital

stock, and the names and addresses and respective stockholdings of every

stockholder thereof holding one per centum or more of its voting capital

stock.

3. If the annual report, or the sworn statements provided for in

subdivision two, do not furnish the information desired, because of any

chain of successive ownership or of stockholdings, or because of any

intermediate agency or agencies, or for any other reason, the

commission, by order, may require similar sworn statements from any

person or corporation who or which can give the necessary information,

as the commission may have discovered from its investigations, to the

end that the commission may obtain a complete disclosure of the natural

persons, firms or corporations, and their respective interests, who or

which own or control directly or indirectly one per centum or more of

the voting capital stock of the reporting corporation.