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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 44. (1) A joint agency may sell or exchange the excess capacity or output of a project not required by any of its members for consideration upon terms and conditions as determined by the parties.
(2) A joint agency may do 1 or more of the following:
(a) Transfer all or part of its interest in or functional control of transmission facilities to a multistate regional transmission system organization approved by the federal government and operating in this state or to 1 or more of its transmission-owning members.
(b) Purchase, acquire, sell, or otherwise transfer stock, membership units, or any other interest in a multistate regional transmission system organization approved by the federal government and operating in this state or in 1 or more of its transmission-owning members.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 460. Public Utilities § 460.844 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-460-public-utilities/mi-comp-laws-460-844/
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