No radio utility shall combine, merge or consolidate with, or acquire control of, another organization without first obtaining the approval of the commission, which shall be granted only after hearing and finding that such proposed combination, merger, consolidation or acquisition is in the public interest.
Ala. Code § 37-4-106
Merger or Consolidation.
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, §7.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.