54-8b-3.4. Exemption from merger and acquisition approval by commission.
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/ut/title-54/chapter-8b/54-8b-3-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/14/2019
54-8b-3.4. Exemption from merger and acquisition approval by commission.
(a)Except as provided in Subsection
(2), a telecommunications corporation is exempt from the requirements of Sections 54-4-28 , 54-4-29 , and 54-4-30 if the telecommunications corporation is:
(i)a competitive entrant pursuant to Section 54-8b-2.1 ; or
(ii)an incumbent telecommunications corporation that has pricing flexibility pursuant to Section 54-8b-2.3 .
(b)A telecommunications corporation that is exempt under Subsection
(1)shall notify the commission in writing prior to the conclusion of any transaction that would otherwise be subject to Section 54-4-28 , 54-4-29 , or 54-4-30 .
(2)The exemption described in Subsection
(1)does not apply if the telecommunications corporation receives high cost support from the Universal Public Telecommunications Support Fund established in Section 54-8b-15 , other than a one-time distribution described in Section 54-8b-15 .
Enacted by Chapter 85 , 2019 General Session