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.
Mass. Gen. Laws ch. 164, § 98
Rights of company acquiring water storage reservoir or hydro-electric plant
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.