Maine § 35-A §1102 Property not necessary or useful to a utility's duties

Maine Statutes

§ 35-A §1102 — Property not necessary or useful to a utility's duties

Maine·Title 35-A PUBLIC UTILITIES·Part 1 PUBLIC UTILITIES COMMISSION·Ch. 11 AUTHORIZATION OF SALES, LEASES, AND MORTGAGES OF PROPERTY

Nothing in section 1101 prevents the sale, lease or other disposition by a public utility of property, which is not necessary or useful in the performance of its duties to the public. As to any purchaser of the property in good faith for value, the sale of property by a public utility shall be conclusively presumed to have been of property which is not necessary or useful in the performance of its duties to the public.

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Nothing in section 1101 prevents the sale, lease or other disposition by a public utility of property, which is not necessary or useful in the performance of its duties to the public. As to any purchaser of the property in good faith for value, the sale of property by a public utility shall be conclusively presumed to have been of property which is not necessary or useful in the performance of its duties to the public.

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