Maryland Statutes
§ 7-540
Maryland § 7-540
This text of Maryland § 7-540 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Public Utilities § 7-540 (2026).
Text
(a)The interest of an assignee or pledgee in rate stabilization property and in the revenues and collections arising from that property is not subject to setoff, counterclaim, surcharge, or defense by the electric company or any other person or in connection with the bankruptcy of the electric company or any other entity.
(b)A qualified rate order remains in effect and unabated notwithstanding the bankruptcy of the electric company, its successors, or assignees.
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Bluebook (online)
Maryland § 7-540, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gpu/7-540.