69-4-352. Title to converted facilities. Title to the converted facilities shall be at all times solely and exclusively in the public utility involved, as the public is only purchasing the intangible benefits which come from converted facilities; that is, the removal of the overhead facilities and replacement by underground facilities.

     History: En. Sec. 27, Ch. 429, L. 1971; R.C.M. 1947, 70-627(part).