When, after notice to the interested parties and due hearing thereon, the public service commission shall determine that the owner or owners of the utility or improvement have been paid in full out of the net revenues arising from the operation thereof, the commission shall issue a certificate of ownership revesting the title and ownership of such utility and improvement in the municipality or municipalities.
N.D. Cent. Code § 40-34-11
Revesting title and ownership of improvement or utility in municipality
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.