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§ 5-205. Transfer of controlling interests in water and sewage disposal companies

West's Annotated Code of MarylandPublic Utilities

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division I. Public Services and Utilities [Titles 1-15] (Refs & Annos)
Title 5. Powers, Duties, and Prohibitions (Refs & Annos)
Subtitle 2. Powers of Public Service Companies (Refs & Annos)
MD Code, Public Utilities, § 5-205
Formerly cited as MD PUBLIC UTIL COMP § 5-205
§ 5-205. Transfer of controlling interests in water and sewage disposal companies
Currentness
Authorization required to transfer interest
(a) Without prior authorization of the Commission, a person may not transfer a controlling interest in a water company or sewage disposal company to another person.
Consistency with public convenience and necessity
(b) The Commission may authorize the transfer of a controlling interest in a water company or sewage disposal company if the Commission finds that the transfer is consistent with the public convenience and necessity.

Credits

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998.
Formerly Art. 78, § 65A.
MD Code, Public Utilities, § 5-205, MD PUBLIC UTIL § 5-205
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document