Perkins v. New Hampshire Power Co.

The legislature has authorized the transfer of the “franchise, works or system” of a public utility to another one, provided the Public Service Commission “shall find that it will be for the public good and shall make an order assenting thereto.” A dissenting stockholder of the transferor is to have his rights “regulated, protected and determined” by the statutes relating to the rights of a dissenting stockholder in a railroad corporation which leases its road to another corporation or unites with it to form a new one. P. L., c. 240, ss. 28, 30. A stockholder in a railroad thus dissenting may…