North Dakota Code 40-33-15 – Proceedings instituted under existing law – How completed
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Any proceedings instituted under the law as it was at the time of the purchase, erection, operation, maintenance, enlargement, improvement, or extension of a municipal utility or the lease thereof from any person, firm, corporation, or limited liability company or the sale or lease of any such plant, system, or line to any person, firm, corporation, or limited liability company may be completed under the law as it existed at the time such proceedings were taken.
Terms Used In North Dakota Code 40-33-15
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49