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December 22, 2024 Clouds | 18°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 164A NEW ENGLAND POWER POOL
  5. Section 25 Ownership or control of domestic electric utilities by foreign corporations; applicability of corporation law

Section 25

Section 25: Ownership or control of domestic electric utilities by foreign corporations; applicability of corporation law

Section 25. A domestic electric utility shall not be subject to the provisions of section ten of chapter one hundred eight-one in the event a foreign corporation, as defined in said chapter, owns or controls a majority of the capital stock of said domestic electric utility, provided such ownership or control results from action pursuant to authority granted by this chapter.