Sec. 25-37h. Notification of security interest required.
Sec. 25-37h. Notification of security interest required. Any water company
which mortgages or gives a security interest in class I or II land or any essential part of
its plant equipment or other property necessary or useful in the performance of its duty
to the public shall immediately notify the Commissioner of Public Health in writing
that such mortgage or security interest has been given and shall provide the commissioner with the name and address of the mortgagee or the holder of the security interest,
a description of the land, equipment or property affected, and any other information that
the commissioner may require. Any water company having land, equipment or property
subject to a mortgage or security interest on July 1, 1995, shall, by September 1, 1995,
notify the commissioner in writing of the name and address of the holder of that mortgage
or security interest and shall provide a description of the land, equipment or property
affected and any other information the commissioner may require.
(P.A. 95-329, S. 5, 31.)
History: P.A. 95-329, S. 5 effective July 1, 1995.