49-31-20. Merger, consolidation, or transfer of stock or other ownership interests--Notification.
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/sd/title-49/chapter-49-31/49-31-20A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any telecommunications company that holds a certificate of authority to operate in this state shall notify the commission of any consolidation or merger or transfer of stock or other ownership interests that will result in a different person then owning more than fifty percent of the company's stock or ownership interests.