CopyCited 6 times | Published | Supreme Court of Florida | 1980 WL 579665
...lding Company Act. They then assert that the public interest considerations which they espouse would be open to examination in Securities and Exchange Commission proceedings. The municipal utilities support this rather novel approach by reference to section 366.015, Florida Statutes (1977), [2] dealing with interagency liaison. We disagree that section 366.015 has so broad a reach or embodies such public policy. To assert that section 366.015 contemplates the use of a financing application proceeding as leverage to trigger federal review of a merger transaction, over which the Commission lacks jurisdiction, is sophistic....
...atutory authority to regulate the issuance and sale of securities is clearly erroneous. Accordingly, the petition for certiorari is denied. ADKINS, BOYD, OVERTON, ENGLAND, ALDERMAN and McDONALD, JJ., concur. NOTES [1] Ch. 25-8, Fla. Admin. Code. [2] Section 366.015, Florida Statutes (1977): Interagency liaison....
