1. (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.
2. (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.

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998.

Formerly Art. 78, § 65A.