No such certificate of public convenience and necessity may be transferred, assigned or encumbered unless such transaction is first approved, after hearing, by the commission.
Ala. Code § 37-4-105
Transfer, Assignment or Encumbrance of Certificate.
Known as the Alabama Radio Utility Act
The act spans §§ 37-4-100 to 37-4-117 (18 sections).
(Acts 1971, No. 1595, p. 2733, §6.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.