§ 34-25-7. Application of mortgages to after-acquired property of public utilities.
Notwithstanding the provisions of chapter 9 of title 6A, whenever any public utility, as defined in chapter 1 of title 39, shall have given a mortgage expressly including real or personal property to be
acquired after the date of the execution of the mortgage, and the mortgage shall have
been duly recorded, no further deed, conveyance or recording, or delivery of possession
from the mortgagor to the mortgagee, his, her, or its heirs, executors, administrators,
successors, or assigns shall be required as to any real or personal property situated
in any town or city in which the m
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§ 34-25-7. Application of mortgages to after-acquired property of public utilities.
Notwithstanding the provisions of chapter 9 of title 6A, whenever any public utility, as defined in chapter 1 of title 39, shall have given a mortgage expressly including real or personal property to be
acquired after the date of the execution of the mortgage, and the mortgage shall have
been duly recorded, no further deed, conveyance or recording, or delivery of possession
from the mortgagor to the mortgagee, his, her, or its heirs, executors, administrators,
successors, or assigns shall be required as to any real or personal property situated
in any town or city in which the mortgage shall have been duly recorded, if real property,
or the office of the secretary of state, if personal property, and all right, title
and interest of the public utility in and to any real or personal property situated
in any town or city in which the mortgage shall have been duly recorded, if real property,
or the office of the secretary of state, if personal property, and acquired by the
mortgagor after the execution and prior to the discharge of the mortgage, unless otherwise
expressly provided in the mortgage, shall vest in the mortgagee, his, her, or its
heirs, executors, administrators, successors, or assigns, subject to the terms of
the mortgage, as against all persons whatsoever, immediately upon the acquisition
of the real or personal property by the mortgagor.