484.2303 Effect of sale or transfer of stock; addition, elimination, or modification of area code; prohibition; bankruptcy.
196 words·~1 min read·
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484.2303 Effect of sale or transfer of stock; addition, elimination, or modification of area code; prohibition; bankruptcy.
Sec. 303.
(1)The sale or transfer of shares of stock of a provider of basic local exchange service is not a sale or transfer of a license or a discontinuance of service.
(2)The commission has the authority to approve or deny a proposed addition, elimination, or modification of an area code in this state. The commission shall give public notice and shall conduct a public hearing in the affected geographic area before an addition, elimination, or modification of an area code is made in this state.
(3)A license issued under this act is not transferable to an unlicensed provider.
(4)In case of the bankruptcy of a licensed provider, the commission shall establish the procedures for the transfer of the license to another qualified provider.
History: 1991, Act 179, Eff. Jan. 1, 1992 ;-- Am. 1995, Act 216, Imd. Eff. Nov. 30, 1995 ;-- Am. 2000, Act 295 , Imd. Eff. July 17, 2000 ;-- Am. 2005, Act 235 , Imd. Eff. Nov. 22, 2005 ;-- Am. 2011, Act 58 , Imd. Eff. June 14, 2011