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Code · Alaska · Title 42 · Chapter 6

Sec. 42.06.305. Transfer of operating authority.

81 words·~1 min read·/ak/title-42/chapter-6/42-06-305

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Sec. 42.06.305. Transfer of operating authority.
(a)Operating authority may not be transferred by sale or lease of the certificate or by the sale of substantially all of the stock or assets of a pipeline carrier holding a certificate without the prior approval of the commission. A transfer not involving a substantial change in ownership shall be summarily approved.
(b)The commission's decision under this section shall be based on the best interest of the public.
Article 3. Services and Facilities.
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