Section 41. Foreign corporations


Latest version.
  • Any  foreign  non-profit  or cooperative
      corporation supplying or authorized to supply electric energy and owning
      or operating electric transmission or distribution lines in an  adjacent
      state  may  construct  or acquire extensions of such lines in this state
      within an area no point of  which  is  more  than  ten  miles  from  the
      boundary  line  of this state and operate such extensions, provided that
      any such  corporation  shall,  before  constructing  or  operating  such
      extensions,  by an instrument executed and acknowledged on its behalf by
      its  president  or  vice-president,  under  its  seal  attested  by  its
      secretary, and filed in the department of state, designate the secretary
      of  state  its  agent  to  accept  service  of  process  on  its behalf.
      Thereafter,  such  corporation  shall  have  all  the  rights,   powers,
      privileges  and immunities of a cooperative, and shall be subject to the
      provisions of this chapter.  In the event any process  shall  be  served
      upon  the  secretary  of  state,  he shall forthwith forward the same by
      registered mail to such corporation at the address thereof specified  in
      the aforesaid instrument.