Get Puc-317: Stock Transfer Application Instructions To Be ... - Puc Pa

Completing the PUC-317: Stock Transfer Application is essential for obtaining approval before transferring capital stock among public utilities. This guide provides clear, step-by-step instructions to help users successfully navigate the form.

Follow the steps to effectively complete your application.

1. Click ‘Get Form’ button to obtain the PUC-317: Stock Transfer Application and open it in your editor.
2. Begin with Section 1, where you will enter the full and correct name of the certificated carrier. Make sure to fill in all fields completely.
3. In Section 2, provide the docket number of the certificated carrier, ensuring accuracy, as this is key information related to the application.
4. Moving to Section 3, list the name of the seller along with their business address, including city, state, and zip code. This section is important for identifying the seller involved in the transaction.
5. Section 4 requires you to provide the seller's attorney's details if applicable. Include their address and phone number as necessary.
6. In Section 5, list the name, business address, and contact information of the buyer. This information is similar to that of the seller's section.
7. Section 6 should include the buyer’s attorney's information, if applicable, again requiring their address and telephone number.
8. For Section 7, provide details about the capital stock of the certificated carrier. Fill out the number of authorized shares, par or stated value per share, and the number of shares that are outstanding.
9. Proceed to Section 8 to document the stock transactions: how many shares were sold by the seller and how many were bought by the buyer.
10. In Section 9, you need to disclose if the buyer and/or seller have any affiliations or controls over other carriers. Provide necessary details including names and docket numbers.
11. Complete Section 10 that asks for the consideration for the stock transfer. Explain if this amount is nominal and justify as needed.
12. In Section 11, indicate how the consideration will be paid. This could include methods such as cash or funds transfer.
13. Section 12 asks for the reasons behind the proposed transfer. Clearly articulate the motivations for this action.
14. Ensure to attach necessary documents as stated in Section 13, including a brief corporate history, financial statements, and the bilateral sales agreement.
15. Once all sections are completed, review the application for completeness. Remember, incomplete applications will not be accepted.
16. Finally, after verifying all information is accurate, you can save your changes, download, print the form, or share it as necessary for submission.

Complete your application online today to ensure a smooth transfer process!