Legislation
SECTION 41
Foreign corporations
Rural Electric Cooperative (REL) CHAPTER 77-A, ARTICLE 4
§ 41. Foreign corporations. Any foreign non-profit or cooperative
corporation supplying or authorized to supply electric energy and owning
or operating electric transmission or distribution lines in an adjacent
state may construct or acquire extensions of such lines in this state
within an area no point of which is more than ten miles from the
boundary line of this state and operate such extensions, provided that
any such corporation shall, before constructing or operating such
extensions, by an instrument executed and acknowledged on its behalf by
its president or vice-president, under its seal attested by its
secretary, and filed in the department of state, designate the secretary
of state its agent to accept service of process on its behalf.
Thereafter, such corporation shall have all the rights, powers,
privileges and immunities of a cooperative, and shall be subject to the
provisions of this chapter. In the event any process shall be served
upon the secretary of state, he shall forthwith forward the same by
registered mail to such corporation at the address thereof specified in
the aforesaid instrument.
corporation supplying or authorized to supply electric energy and owning
or operating electric transmission or distribution lines in an adjacent
state may construct or acquire extensions of such lines in this state
within an area no point of which is more than ten miles from the
boundary line of this state and operate such extensions, provided that
any such corporation shall, before constructing or operating such
extensions, by an instrument executed and acknowledged on its behalf by
its president or vice-president, under its seal attested by its
secretary, and filed in the department of state, designate the secretary
of state its agent to accept service of process on its behalf.
Thereafter, such corporation shall have all the rights, powers,
privileges and immunities of a cooperative, and shall be subject to the
provisions of this chapter. In the event any process shall be served
upon the secretary of state, he shall forthwith forward the same by
registered mail to such corporation at the address thereof specified in
the aforesaid instrument.