Iowa Code 478.9 – Exclusive rights — duration of franchise
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 478.9
- 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.
- Person: means an individual, partnership, firm, corporation, or association. See Iowa Code 462A.2
No exclusive right shall ever be given by franchise or otherwise to any person, company, corporation, or city to conduct electrical energy, or to place electric wires, along or over or across any public highway or public place or ground; and no franchise or privilege shall ever be granted for any such purpose for a longer period than twenty-five years.