OPINION BY HIRT, J., September 28, 1955:
Prior to December 31, 1952 United Gas Improvement Company — U.G.I., as we shall refer to it — was a holding company which owned and operated seven subsidiary corporations. Luzerne County Gas & Electric Corporation was one of them, which along with the other six subsidiaries was merged into the body corporate of United Gas Improvement Company on the above date. Thereupon U.G.I. became the general operating...
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