Code of Federal Regulations (Last Updated: October 10, 2024) |
Title 47 - Telecommunication |
Chapter I - Federal Communications Commission |
SubChapter B - Common Carrier Services |
Part 62 - APPLICATIONS TO HOLD INTERLOCKING DIRECTORATES |
General |
§ 62.2 - Definitions.
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As used in this part, the term:
(a)
Officer or director shall include the duties, or any of the duties, ordinarily performed by a director, president, vice president, secretary, treasurer, or other officer of a carrier, such as general counsel, general solicitor, general attorney, comptroller, general auditor, general manager, general commercial manager, chief engineer, general superintendent, general land and tax agent, or chief purchasing agent;(b)
Interlocking director shall mean a person who performs the duties of “officer of director” in more than one carrier subject to the Communications Act of 1934, as amended; and(c)
Commonly owned carriers shall mean two or more carriers, one of which directly or indirectly owns more than 50 percent of the stock of the other carrier or carriers, or 50 percent or more of whose stock is owned directly or indirectly by the same person.