North Dakota § 49-04-05 Commission approval required to dispose of or encumber franchises, works, or systems - Exceptions

North Dakota Statutes

§ 49-04-05 — Commission approval required to dispose of or encumber franchises, works, or systems - Exceptions

North Dakota·Title 49 Public Utilities·Ch. 49-04 Duties of Public Utilities

works, or systems - Exceptions. A public utility may not dispose of, encumber, merge, or consolidate its franchise, works, or system necessary or useful in the performance of its duties to the public without prior commission approval. This section does not apply to:

1.Disposal or encumbrance of tangible property valued at less than five hundred thousand dollars.

2.Sale of securities registered with the federal securities and exchange commission.

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works, or systems - Exceptions.
A public utility may not dispose of, encumber, merge, or consolidate its franchise, works, or
system necessary or useful in the performance of its duties to the public without prior
commission approval. This section does not apply to:
1. Disposal or encumbrance of tangible property valued at less than five hundred
thousand dollars.
2. Sale of securities registered with the federal securities and exchange commission.

North Dakota § 49-04-05 (Commission approval required to dispose of or encumber franchises, works, or systems - Exceptions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.