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Code · Massachusetts · Part I — ADMINISTRATION OF THE GOVERNMENT · Title XXII — CORPORATIONS · Chapter 164A

Section 5: Acquisition or ownership of interests in electric power facilities; tenancy in common; surrender or waiver of right of partition; validity and enforceability

97 words·~1 min read·/ma/part-i/title-xxii/chapter-164a/5·

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Section 5. If any domestic or foreign electric utility acquires or owns an interest as a tenant in common with one or more other domestic or foreign electric utilities in any electric power facilities in this commonwealth, the surrender or waiver by any such owner of such property of its right to partition such property for a period not exceeding the period for which the property is used or useful for electric utility purposes shall not be invalid or unenforceable by reason of the length of such period, or as unduly restricting the alienation of such property.
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