Current through 2024 Legislative Session
Section 49-09.1-11 - Assignment1. A utility may assign or otherwise transfer any rights to cross a railroad right of way to any financially responsible entity controlled by, controlling, or under common control of the utility or to any entity into or with which the utility is merged or consolidated or which acquires ownership or control of all or substantially all of the transmission assets of the utility.2. Notice of the assignment or transfer must be given to the railroad within thirty days. Any other transfer or assignment may not take place without the written permission of the railroad, which permission may not be unreasonably withheld.Added by S.L. 2019, ch. 387 (HB 1362),§ 1, eff. 8/1/2019. See S.L. 2019, ch. 387 (HB 1362), § 2.