Sec. 91. No license, permit or franchise to own, operate, manage or control any plant or equipment of any public utility shall be hereafter granted or transferred except to a corporation duly organized under the laws of the state of Indiana or to a citizen of such state.
Ind. Code § 8-1-2-91
Grant of licenses, permits, or franchises; state corporations or citizens
Applied in 2 court decisions — leading case United States Gypsum, Inc. v. Indiana Gas Co. (2000)
Most recently applied in United States Gypsum, Inc. v. Indiana Gas Co. (September 2000)
Formerly: Acts 1913, c.76, s.99.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.