Massachusetts General Laws ch. 164A sec. 25 – Ownership or control of domestic electric utilities by foreign corporations; applicability of corporation law
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Section 25. A domestic electric utility shall not be subject to the provisions of section ten of chapter one hundred eight-one in the event a foreign corporation, as defined in said chapter, owns or controls a majority of the capital stock of said domestic electric utility, provided such ownership or control results from action pursuant to authority granted by this chapter.
Terms Used In Massachusetts General Laws ch. 164A sec. 25
- 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.