Section 216B.51 Stock Purchase - Minnesota Statutes

216B.51 STOCK PURCHASE.

Subdivision 1.Stock of another utility.

No public utility shall purchase voting stock in another public utility doing business in Minnesota without first having made application to and received the consent of the commission in writing or by order.

Subd. 2.

[Repealed, 1978 c 795 s 10]

Subd. 3.Exempt from other law.

Mergers and consolidations as enumerated in subdivision 1 hereof shall be exempt from the provisions of chapter 80B.

History:

1974 c 429 s 51