§ 39-20-6. Joint ownership and waiver of the right of partition.
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-generating facility in this state, the surrender or waiver by any owner of the property of the right to partition the 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 the period, nor shall such surrender or waiver be construed as unduly restricting the alienation of the property.
History of Section.P.L. 1975, ch. 215, § 1.
Structure Rhode Island General Laws
Title 39 - Public Utilities and Carriers
Chapter 39-20 - Ownership of Electric-Generating Facilities
Section 39-20-1. - Declaration of public necessity.
Section 39-20-2. - Definitions.
Section 39-20-3. - Powers of domestic electric utilities.
Section 39-20-4. - Powers of foreign electric utilities and nonregulated power producers.
Section 39-20-5. - Regulation of foreign electric utilities.
Section 39-20-6. - Joint ownership and waiver of the right of partition.
Section 39-20-8. - Regulation of activities of domestic electric utilities without the state.
Section 39-20-9. - [Repealed.]
Section 39-20-10. - Issuance of securities to finance electric-generating facilities.