Massachusetts General Laws ch. 164 sec. 98 – Rights of company acquiring water storage reservoir or hydro-electric plant
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Section 98. The purchasing or consolidated company shall except as provided in the preceding section, have and enjoy all the powers, rights, locations, licenses, privileges and franchises, and be subject to all the duties, liabilities and restrictions, of the company selling or merged as aforesaid, so far as they are applicable to the purchasing or consolidated company.
Terms Used In Massachusetts General Laws ch. 164 sec. 98
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.