---
kind: "section"
citation: "18 C.F.R. § 45.1"
title: "18"
number: "45.1"
heading: "Applicability; who must file."
url: "https://uscodex.org/cfr/18/45.1"
---

# §45.1. Applicability; who must file.

- (a) This part applies to any person seeking to hold the following interlocking positions:
  - (1) Officer or director of more than one public utility;
  - (2) Officer or director of a public utility and of any bank, trust company, banking association, or firm that is authorized by law to underwrite or participate in the marketing of securities of a public utility; or
  - (3) Officer or director of a public utility and of any company supplying electrical equipment to such public utility.
- (b) Any person seeking to hold any interlocking position described in [§ 45.2](/cfr/18/45.2.md) of this chapter must do the following:
  - (1) Apply for Commission authorization under [§ 45.8](/cfr/18/45.8.md) of this chapter; or
  - (2) If qualified, comply with the requirements for automatic authorization under [§ 45.9](/cfr/18/45.9.md) of this chapter.
- (c) Notwithstanding paragraphs [(a)](#a) and [(b)](#b) of this section, any person may temporarily hold an interlocking position described in [§ 45.2](/cfr/18/45.2.md) for no more than 90 days within a twelve-month period without applying for Commission authorization under [§ 45.8](/cfr/18/45.8.md) and without complying with the requirements for authorization under [§ 45.9](/cfr/18/45.9.md).

## Notes

### Amendments

[Order 446, 51 FR 4904, Feb. 10, 1986, as amended by Order 856, 84 FR 7282, Mar. 4, 2019]

### Authority

Authority: 16 U.S.C. 791a-825r, 2601-2645; 31 U.S.C. 9701; 42 U.S.C. 7101-7352; 3 CFR 142.

### Source

Source: Order 141, 12 FR 8501, Dec. 19, 1947, unless otherwise noted.

### Amendments

[Order 446, 51 FR 4904, Feb. 10, 1986, as amended by Order 856, 84 FR 7282, Mar. 4, 2019]