A N A C T
RELATING TO VALLEY GAS COMPANY
It is enacted by the General Assembly as follows:
SECTION 1. Section 8 of an act entitled "An Act to Incorporate Valley Gas Company" passed at the January session of the General Assembly A.D. 1956, and any act in amendment thereof, is hereby further amended to read as follows:
Sec. 8. Notwithstanding any provision of the general law or special act to the contrary, Valley Gas Company shall have power to merge with any other domestic or foreign corporation in a transaction in which the surviving corporation is a public utility as defined in Section 39-1-2 of the General Laws. Any such merger shall be carried out in accordance with, and subject to, the provisions of Sections 7-1.1-65, 7-1.1-67, 7-1.1-68, 7-1.1-68.1, 7-1.1-69, 7-1.1-70, 7-1.1-73, and 7-1.1-74 of the Rhode Island Business Corporation Act, as the same may be amended from time to time, be subject to review and approval by the division of public utilities and carriers, and shall be effective upon compliance with the Sections of the Business Corporation Act.
SECTION 2. This act shall take effect upon passage.