Mass. Gen. Laws ch. 164A § 5

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session

Section 164A:5 - Acquisition or ownership of interests in electric power facilities; tenancy in common; surrender or waiver of right of partition; validity or enforceability

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.

Mass. Gen. Laws ch. 164A, § 5