§ 7-539. Sale of rate stabilization property
West's Annotated Code of MarylandPublic Utilities
MD Code, Public Utilities, § 7-539
Formerly cited as MD PUBLIC UTIL COMP § 7-539
§ 7-539. Sale of rate stabilization property
(a) An agreement by an electric company or assignee to transfer rate stabilization property that expressly states that the transfer is a sale or other absolute transfer signifies that:
(b) The status of the transfer as a true sale prevails regardless of any recourse the purchaser may have against the seller, or any other term of the parties' agreement, including:
Credits
Added by Acts 2006, 1st Sp. Sess., c. 5, § 1, eff. June 23, 2006.
MD Code, Public Utilities, § 7-539, MD PUBLIC UTIL § 7-539
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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