54-4-29 - Acquiring voting stock or securities of like utility only on consent of commission.
54-4-29. Acquiring voting stock or securities of like utility only on consent ofcommission.
Hereafter no public utility shall purchase or acquire any of the voting securities or thesecured obligations of any other public utility engaged in the same general line of businesswithout the consent and approval of the Public Service Commission, which shall be granted onlyafter investigation and hearing and finding that such purchase and acquisition of such securities,or obligations, will be in the public interest.
Amended by Chapter 9, 2001 General Session